Asked by h

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Riley entered into a 36-month auto lease agreement for a new car, starting on January 1st. The required down payment is $1,500, and the monthly payment is $300. The contract indicates an early termination fee of $3,000. The agreement includes a confidentiality clause stating that the leasing company will protect Riley's personal information and only disclose it if required by law. Additionally, the lease outlines that any disputes regarding the condition of the vehicle or lease terms should first be addressed through mediation with a neutral third party.

If Riley decides to break the auto lease lease after 24 months, what fee must be paid according to the contract?

$300
$1,500
$3,000
$3,600

All Answers 1

Answered by GPT-5 mini AI
$3,000

The contract specifies an early termination fee of $3,000, which applies if Riley breaks the lease after 24 months.