Which of the following factors plays a role in determining the monthly lease payment of a car?
A)The agreed-upon price of the vehicle
B)The length of the lease
C)Your down payment plus any trade-in allowance or rebate
D)The value of the vehicle at the end of the lease
E)All of the above

Question

Quizplus · Accepted Answer

All of the factors listed (the agreed-upon price of the vehicle, the length of the lease, your down payment plus any trade-in allowance or rebate, and the value of the vehicle at the end of the lease) play a role in determining the monthly lease payment of a car. The agreed-upon price of the vehicle affects the overall cost of the lease, while the length of the lease determines how much time you have to pay off that cost. Your down payment plus any trade-in allowance or rebate reduces the amount you owe, but the value of the vehicle at the end of the lease can also impact your monthly payments depending on whether you choose to purchase the car or return it.

Which of the Following Factors Plays a Role in Determining