Given below are lease terms at the local dealership. What is the total depreciation fee for this car?
Terms:
• Length of lease: 36 months
• MSRP of the car: $27,500
• Purchase value of the car after lease: $17,500
• Down payment: $3400
• Monthly payment: $425
• Security deposit: $375
• Acquisition fee: $500

The items that have to be paid for at the signing include

1. The deposit:             $,2,400.00

2. Monthly payments :    $425.00

3. Security deposit:          $375.00

4.  Acquisition fee:         $ 500.00

    Total due                   $3,700.00

Step-by-step explanation:

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step-by-step explanation: