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by BlastRoom
Two ways to drive the same car, and what you are left holding at the end of each.
#us_hs_personal_finance
25 questions
One question set, multiple game modes. Tap any game to see it in action. Not sure which to pick?
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More correct answers pulls the rope your way.
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A driver wants to own the car outright when the scheduled payments end. What arrangement meets that goal?
Nora wants to use a new car for three years and then return it without selling it. What arrangement fits that plan?
Which arrangement lets a driver build ownership interest by paying down the vehicle balance?
Eli wants payments for using a car, not ownership after the contract ends. What arrangement matches that goal?
Rina expects to drive 18,000 miles a year. Use the lease offer. Which is the better choice for her?
Darius worries the car's value will drop more than expected over three years. Under which arrangement does Darius, rather than the company, bear that drop in value?
Mei is choosing how to get the same new car for the same three-year period. Which arrangement usually has the lower monthly payment?
A driver wants to install permanent custom equipment without needing a lessor's approval. What arrangement gives the driver ownership control?
Use the table. What is the stated 24-month lease outlay?
Use the table. What is the stated 36-month lease outlay?
Use the table. What is the stated 24-month lease outlay?
Use the table. What is the stated 30-month lease outlay?
Use the table. What is the stated 18-month lease outlay?
Use the table. What is the stated 12-month lease outlay?
A lease allows 12,000 miles each year. Who is most likely to face an excess-mile charge?
Luis leases a truck and wants to add a permanent lift kit. Which lease term should he check before installing it?
At lease return, a car has torn seats caused by a pet. What lease provision can require a charge for that damage?
Sam must end a 36-month lease after only eight months because of an overseas move. What contract term should Sam check first?
A 3-year lease allows 12,000 miles per year and charges 20 cents for each extra mile. The car is returned with 39,000 miles. What excess-mile charge applies?
A 24-month lease allows 10,000 miles per year and charges 15 cents per extra mile. The car is returned with 23,000 miles. What excess-mile charge applies?
Tori expects to drive 30,000 miles each year and is thinking about leasing. Which lease term poses the biggest cost risk for her?
Ava buys a car with a 48-month auto loan and plans to drive it for seven more years after payoff. What outcome distinguishes buying from leasing?
Jordan wants the option, but not the duty, to buy the car at a price set in the contract when the term ends. Which arrangement offers that?
Anya can lease a car for $7,200 total over 24 months and then return it. Or she can buy it, pay $15,000 over 24 months, and sell it for $9,000. Which has the lower net two-year cost?
Jules expects to drive only 8,000 miles yearly, keep the car for 10 years, and then sell it. What feature of buying best supports that plan?
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25 questions
