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Question & Answer: 6-74 You are interested in leasing a new car for 36 months. . The value of the car is $22,555 . You must pay $3025 at signing, which does not…..

6-74 You are interested in leasing a new car for 36 months. . The value of the car is $22,555 . You must pay $3025 at signing, which does not include the first months lease payment. . The monthly lease cost for the car is $154 for 36 months. a lease termination fee of $2000. 1.90% APR. At the end of the lease, you will need to pay . The interest rate for this type of new car is

6-74 You are interested in leasing a new car for 36 months. . The value of the car is $22,555 . You must pay $3025 at signing, which does not include the first month’s lease payment. . The monthly lease cost for the car is $154 for 36 months. a lease termination fee of $2000. 1.90% APR. At the end of the lease, you will need to pay . The interest rate for this type of new car is

Expert Answer

 

Since fair of car is lower than the value of car so it is advable to take lease

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