Term Answer Description Rebate A. This term refers to the estimated value of a l

Question

Term Answer Description Rebate A. This term refers to the estimated value of a leased asset at the end of the lease period. Purchase optionB. This refers to the loss in the value of an asset that occurs over its period of ownership. This is the advertised retail price listed on a particular vehicle for sale This is a legal agreement which states that the details of the sale of the asset (for example, a car) to the purchaser. This refers to the price of the asset (for example, a car) that is being leased Lease C. Depreciation D. Closed-end lease E. Sticker price F. This is an arrangement wherein the lessee receives the use of an item, such as a car or a house, in exchange for scheduled payments for a fixed period of time This type of lease arrangement is often called a walk-away lease, because it allows the lessee to merely return the vehicle provided that the preset mileage limit has not been exceeded and the vehicle hasn't been abused. Residual value G. H. This is the price at which the lessee (consumer), can purchase the car after the lease has expires Low-balling I. This refers to the practice of unethical car dealers quoting a low sales price on a vehicle to induce a potential customer to make an offer and then attempting to add costly add-ons to the transaction prior to the signing of the contract. This is a partial refund of a car's purchase price that is given as an inducement to purchase Capitalized cost Sales contract .

Explanation / Answer

Rebate - J

Purchase Option- H

Lease- F

Depreciation - B

Closed end Lease- G

Sticker price- C

Residual Value- A

Low bailing- I

Capitalised Cost- E

Sales Contract- D

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.