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When determining how much of a vehicle you can afford what is a valid option quizlet?

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99
Compare the cost of the following leasing agreement with the finance charge on a loan for the same time period. The price of the car is $14,000, and its projected residual value at the end of four years is $3,000.
Monthly payment

$250

Capital cost reduction

$1,000

Disposition charge

$200
Other things being equal, one would want to finance this car rather than take this lease if the finance cost were less than

$2,200.
$2,450.
$200.
$1,550.

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