In which of the following situations would you have to pay additional money when returning a vehicle using a closed-end lease?
A) When the residual value is lesser than expected
B) When the residual value is more than expected
C) When the mileage limits are exceeded
D) a and c
E) b and c

Question

Quizplus · Accepted Answer

In a closed-end lease, you may have to pay additional money if you exceed the mileage limits set in the lease agreement. The residual value does not affect the amount you pay at the end of the lease unless there is excessive wear and tear or mileage.

In Which of the Following Situations Would You Have to Pay