Asked by a

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.


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
B

AAA Auto has the lower money factor (0.00313 vs. 0.00344), and a lower money factor yields lower finance charges and a lower monthly lease payment.