Which of the Following Is a Type of Down Payment

question 20

Multiple Choice

Which of the following is a type of down payment that lowers the potential depreciation and therefore your monthly lease payments on a leased car?

• A) Money factor
• B) Property depreciation cost
• C) Initial residual value
• D) Purchase option
• E) Capital cost reduction

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Definitions:

Perceptions

The process of organizing and interpreting sensory information to represent and understand the environment.

Thoughts

Thoughts are mental cognitions—ideas, opinions, and beliefs about oneself, others, or the surrounding world.

Reframing

The process of changing the context or perspective on a situation or problem to find a new and often more positive interpretation.

Flexibility

The willingness to adapt or change in response to different circumstances or new information.