List the factors that go into a monthly lease payment and tell how the dollar value of a lease is calculated
What will be an ideal response?
Answer:
-the agreed-upon price
-any other up-front fees
-down payment plus any trade-in allowance or rebate
-value of the vehicle at the end of the lease
-rent or finance charges
-length of the lease
The dollar value of the lease is found by subtracting the projected value of the car at the end of the lease from the current market value upon signing the lease.
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