3
QuizMultiple Choice

Leasing vs. Buying a Car

Question 3 • 26-27 Ignite Technical Math-Financial Math - MA2007

Which of the following is not a fee that affects the total cost of leasing a car?

Answer
A
principal charge
B
total down payment
C
residual value of the car
D
documentation and registration fees

Explanation

The residual value is the car’s estimated value at the end of the lease, not a fee you pay. It can affect how lease payments are calculated, but it is not itself a charge. The down payment and documentation and registration fees are costs paid when leasing.

AI-written and checked against the verified answer.

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