Question

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

due at signing?
Terms:
• Length of lease = 36 months
• MSRP of the car = $15,500
• Purchase value of the car after lease = $9500
• Down payment = $2600
• Monthly payment = $425
• Security deposit = $375
• Acquisition fee = $300

Answer 1

$3,700

Step-by-step explanation:

The total cash due at signing will consist of the deposit, monthly payment, security depoist and the acquisition fee.

The total is

=$2600 + $425 + $375 + $300

=$3700