Question

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


Please select the best answer from the choices provided

A
B
C
D

Answer 1

C

The residual value is the car's estimated worth at lease end — it's not a fee (it affects how much depreciation you pay, but it isn't a charge like a down payment or documentation fee).