Question

Given below are lease terms at local dealership. What is the total cash due at signing? Terms : length of lease= 36 months MSRP of the car= $15,000 Purchase value of the car after lease =$9500 Down payment $2600 Monthly Payment =$425 Securitydeposit= $375 Acquisition= $300

Answer 1

The total due is $3275, which includes the Down payment, Security deposit, and Acquisition

Answer 2

ANSWER: $3,275

EXPLANATION: At the time of signing, the total cash due at the local dealership is $3,275. The person buying the car needs to pay the down payment of the car, the security deposit and the cost of acquisition. So, the calculations adding up are $2,600 + $375 + $300 = $3,275