If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.Residual value is:Another term for capitalized costThe depreciation of the car's valueThe value of the car before the lease beginsWith leasing, you:Make higher monthly payments but get to drive the latest model.Build no equity but still get to sell the car at the end of the lease.Make a lower down payment but always have a car payment to make.Which of the following is not true? The higher the residual value, the lower the monthly payments will be.You want the lowest APR you can get on the lease.Typically, leases extend for 24, 36, 48 or 60 months. advertisementRelated Links:Auto loan rates: March 26, 2009Saving on insuranceWhere's my car bailout?Related Articles:Vehicle leases going upOld loan not added to newCan't sell leased car
If you think you've mastered the material in this chapter, take our quiz. After you click the ''submit'' button, the answers will appear below.
Residual value is:
With leasing, you:
Which of the following is not true?
A little research could save you BIG on interest.