1.1 LeaseGuide.com author Al Hearn explains that automobile leasing is based entirely on the ....... that you pay
for the amount by which a vehicle's value depreciates during the time you're driving it.
(A) concept (B) design (C) image (D) observation
2.2 Depreciation is the difference between a vehicle's original value and its value at lease-end (....... value), and is
the primary factor that determines the cost of leasing.
(A) remnant (B) reserve (C) residual (D) retained
4.4 Manufacturer's ....... Retail Price (MSRP) is the full price for a vehicle as displayed on its window sticker,
including optional packages and destination charges.
(A) Sales (B) Standard (C) Stated (D) Suggested
7.7 When you lease, you're ....... the leasing company's money while you're driving their car and they rightfully
expect you to pay interest on that money, the same as with a loan.
(A) binding over (B) nailing down (C) running through (D) tying up
9.9 A good rule of .......: Lease money factors, converted to an annual interest rate, should be comparable to, if not
lower than local new-car loan interest rates.
(A) calculation (B) law (C) measure (D) thumb