7
QuizMultiple Choice

Buying vs Leasing a Car — Quiz

Question 7 • Financial Algebra/Mathematics

A higher credit score could reduce a monthly lease payment by $50. How much would you save over a 2-year lease term?

Answer
A
$2,400
B
$1,000
C
$1,200
D
$100

Explanation

A 2-year lease lasts 24 months. Saving $50 each month for 24 months gives $50 × 24 = $1,200. So the total savings would be $1,200, choice A.

AI-written and checked against the verified answer.

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