In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the followi
Posted: Tue Mar 08, 2022 9:40 am
In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:
A. Gross capitalized cost (including the agreed-on value of the vehicle)
B. Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
C. Itemization of other charges that are part of the periodic payment
D. All of the above
A. Gross capitalized cost (including the agreed-on value of the vehicle)
B. Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)
C. Itemization of other charges that are part of the periodic payment
D. All of the above