At the end of the car lease, you pay a certain amount if you decide to buy the car. What is this amount called? A. interest B. lease amount C. residual value

Question

Alberto Golden

Mathematics

21 September, 19:00

At the end of the car lease, you pay a certain amount if you decide to buy the car. What is this amount called? A. interest B. lease amount C. residual value

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Answers (2)

Know the Answer?

Syllable · Answer 1

I would say C or b because they make more sense then a

Skyla Hansen · Answer 2

C. residual value is the answer.

Step-by-step explanation:

At the end of the car lease, you pay a certain amount if you decide to buy the car. This amount is called residual value. When a person leases a car, he pays for that portion of the car's value that he uses. If he wants to purchase that car after lease period over, then he will pay the price for the remaining portion of the car's value. Hence, residual value is the answer.