Alternatively, after seeing several television commercials suggesting the benefits of leasing a new automobile, you've started...

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Alternatively, after seeing several television commercials suggesting the benefits of leasing a new automobile, you've started thinking about the phenomenon of leasing. Which of the following statements regarding leasing is true? Check all that apply. Customary end-of-term charges on a lease can include a disposition fee, an early termination charge, and an excess mileage charge. O Leases work best for people who want to drive a vehicle for years and years, and drive at least 30,000 miles every year. Leasing can result in lower monthly payments than would be incurred if you purchased the vehicle. If you elect to purchase the vehicle at the end of the lease period, you'll pay the vehicle's residual cash value in the event of an closed- end lease. The lessee actually owns the vehicle during the lease period. Alternatively, after seeing several television commercials suggesting the benefits of leasing a new automobile, you've started thinking about the phenomenon of leasing. Which of the following statements regarding leasing is true? Check all that apply. Customary end-of-term charges on a lease can include a disposition fee, an early termination charge, and an excess mileage charge. O Leases work best for people who want to drive a vehicle for years and years, and drive at least 30,000 miles every year. Leasing can result in lower monthly payments than would be incurred if you purchased the vehicle. If you elect to purchase the vehicle at the end of the lease period, you'll pay the vehicle's residual cash value in the event of an closed- end lease. The lessee actually owns the vehicle during the lease period.

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