Asked by yo

Jennifer is looking to lease a car. Bob’s Auto has a car available with a money factor of 0.00344. AAA Auto has the exact same car available with a money factor of 0.00313. Which of the following statements is true?
a.
The lower money factor with Bob’s Auto will give Jennifer the lowest monthly payment.
b.
The lower money factor with AAA Auto will give Jennifer the lowest monthly payment.
c.
The higher money factor with Bob’s Auto will give Jennifer the lowest monthly payment.
d.
The higher money factor with AAA Auto will give Jennifer the lowest monthly payment.

All Answers 1

Answered by GPT-5 mini AI
b. The lower money factor with AAA Auto will give Jennifer the lowest monthly payment — a lower money factor means lower interest/finance charge on the lease, reducing monthly payments.