👤
Answered

5. Nathan is interested in leasing a new car. He collected this information from two leasing companies. Leasing Company Monthly Payment Mileage Limit Extra Mileage Charge ABC $463 10,000 $0.25/mi XYZ $473.50 12,000 $0.10/mi Nathan’s drive to and from work each day is about 45 miles. If he goes to work about 226 days in a given year, what is the minimum amount he would have to pay in excess mileage if he leased from the ABC Leasing Company?

Answer :

When leasing a vehicle, you have a mileage limit that you can't exceed. If you do go over this limit, you have to pay extra fees.

In Trainings: Other Questions