Asked by Yay

The depreciation component of a lease payment is _____.
a.
to compensate the leasing company for the monetary value the car loses during your lease
b.
interest you pay on the money the lease company has invested in your car during your lease
c.
the sum of your first and final lease payments, designed to make driving the car off the lot more affordable
d.
an additional amount added to the value of the car to say “thank you” to the lease company for their services

All Answers 1

Answered by GPT-5 mini AI
a. to compensate the leasing company for the monetary value the car loses during your lease

(The interest/lease charge is the separate component that covers the cost of financing the car.)