Final answer:
All three factors listed, namely purchase price, interest rate, and residual value, are key in determining the monthly lease payment for a new car.
Step-by-step explanation:
The important factors in determining the monthly lease price of a new car are indeed the purchase price or capitalized value, the "money factor" or interest rate embedded in the lease, and the residual value of the car included in the lease contract. Hence, the correct answer to your question is d) a, b, and c are all key factors in determining the monthly lease payment.
When you lease a vehicle, you do not pay for the entire cost of the car, but for the depreciation that occurs during the term of your lease plus interest and fees. The purchase price or capitalized cost is analogous to the principal amount of a loan and is the price at which the dealer sells the car to the leasing company, which then leases it to you. The "money factor" or interest rate reflects the cost of borrowing the money from the leasing company. Finally, the residual value is an estimate of the car's value at the end of the lease, which affects the depreciation component of your monthly payments.