Question

Which statements apply to leasing a car? Check all that apply.

Answer 1

3. Payments are generally higher than buying.

4. There is a mileage limit on the car.

5. You must return the car after the rental period ends.

Further explanation

3. Payments are generally higher than buying.

If you rent, then you will be charged more than buying, for example, if we rent a car for a year and rent costs around $ 30 per day, then a year rental fee is $ 30 x 365 = $ 10,950. Not including the cost of maintenance and oil change. With $ 10,950 you can get your own car or you may still have a few hundred dollars left over from buying a car. And the car you buy can be used at any time, has no time limit.

4. There is a mileage limit on the car.

When renting a car, we will be notified by the administration that the car being rented has restrictions on mileage. For example, only limited in the city, sub-district, district, etc.

5. You must return the car after the rental period ends.

According to the initial agreement when renting a car, then you are charged a rental fee of several dollars per hour. Then at the specified time, you must return the rental car if late return will be given additional costs according to the delay. If not returned, you will be reported to the authorities.

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Details

Class: Middle School

Subject: History

Keywords: Car, Rent, Cost

Answer 2

The correct answers are : There are mileage restrictions on the car, you must return the car after the lease ends and there are penalties for ending the lease early.

The process of leasing a car involves paying the difference between the current price of a car and the expected price of a car by the time the lease ends. In addition, the person should pay fees and interest.

By the end of the lease is mandatory that you return the car. Moreover, as the lease is a contract , if you end it before the due date you will be imposed a severe penalty.

Under the terms of this contract, the user of the car should take into account the limits on how to use the car, the maintaining of it, the expected conditions by the time you have to return it and most importantly agree on how many miles you should drive. Otherwise, the user will also receive a strict penalty.