Question

The monthly payment for a car lease is $300 for 24 months. The down payment is $1,000. The residual value is $9,000. What is the total cost of the lease?

Answer 1

If the car payment is $300 for 24 months = 300 x 24 = $7,200. We now add down payment $1,000 + 7,200 = $8,200. The residual value adds 9,000 , SO.... $8,200 + $9,000 = Your ANSWER :)

Answer 2

Got it ?

Answer 3

yup thanks :)

Answer 4

Anytime :)