@wilfley @helpme1.2

Given below are lease terms at the local dealership. What is the total cash due at signing?

Terms:
Length of lease = 24 months
MSRP of the car = $22,750
Purchase value of the car after lease = $15,900
Down payment = $1600
Monthly payment = $405
Security deposit = $375
Acquisition fee = $500
A. $2250
B. $1600
C. $2475
D. $375
@Becki @Directrix @Ko-Ki @texaschic101 @wolf1728 @wolfe8

Question

@wilfley @helpme1.2

Given below are lease terms at the local dealership. What is the total cash due at signing?

Terms:
Length of lease = 24 months
MSRP of the car = $22,750
Purchase value of the car after lease = $15,900
Down payment = $1600
Monthly payment = $405
Security deposit = $375
Acquisition fee = $500
 		A.	$2250
 		B.	$1600
 		C.	$2475
 		D.	$375
@Becki @Directrix @Ko-Ki @texaschic101 @wolf1728 @wolfe8

anonymous · Answer

is the car being purchased or leased?

anonymous · Answer

purchased

anonymous · Answer

ok, then I would think you could eliminate anything having to do with a lease from the problem

anonymous · Answer

what else could you eliminate?

anonymous · Answer

thefirst and third one

anonymous · Answer

what about the monthly payment? does that need to paid at signing or some other time?

anonymous · Answer

idk im confused

texaschic101 · Answer

I am not 100% sure on this....here is my guess
you would have to pay the down payment, the security fee, and the application fee....1600 + 375 + 500 = 2475