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29 July, 21:03

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

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  1. 29 July, 21:24
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    C. Residual value of the car is not a fee that affects the total cost of leasing a car.

    The residual value of the car is the amount you need to pay if you decide to buy the car you are leasing.

    Every car has a certain life span. Its value depreciates every year due to wear and tear. The residual value of the car is the price of the car purchased less its total depreciation.
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