![]() With this assumption Amy estimated her total costs for the three lease options. For purposes of this decision, she believes it is reasonable to assume that she will drive 12,000 miles per year, 15,000 miles per year, or 18,000 miles per year. The difficulty is that Amy is not sure how many miles she will drive over the next three years. ![]() The monthly lease cost, the mileage allowance, and the cost for additional miles follow:ĭealer Monthly Cost Mileage Allowance Cost per Additional MileĪmy decided to choose the lease option that will minimize her total 36-month cost. Additional miles receive a surcharge on a per-mile basis. Each lease includes a monthly charge and a mileage allowance. Each dealer offered Amy a closed-end 36-month lease with no down payment due at the time of signing. Amy Lloyd is interested in leasing a new Honda and has contacted three automobile dealers for pricing information.
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