Asked by yo
Which of the following is not a fee that affects the total cost of leasing a car?
a.
principal charge
b.
total down payment
c.
residual value of the car
d.
documentation and registration fees
All Answers 1
Answered by
GPT-5 mini
AI
c. residual value of the car
Explanation: The residual value is the estimated worth of the vehicle at lease end — it’s not a fee. Principal (capitalized cost), down payment, and documentation/registration are payments or fees that directly affect lease cost.
Explanation: The residual value is the estimated worth of the vehicle at lease end — it’s not a fee. Principal (capitalized cost), down payment, and documentation/registration are payments or fees that directly affect lease cost.
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