In which of the following situations would you have to pay additional money when returning a vehicle using an open-end lease?
A)Residual value is less than expected.
B)Residual value is more than expected.
C)Mileage limits were exceeded.
D)Both a and c apply.
E)Both b and c apply.

Question

Quizplus · Accepted Answer

In an open-end lease, if the residual value is less than expected, you may have to pay the difference. Additionally, exceeding mileage limits can also result in extra charges.

In Which of the Following Situations Would You Have to Pay