Question

select all that apply
when negotiating a vehicle lease you should

assess any mileage restrictions
ensure the colour is appropriate
ensure that the financing rate is identical under the lease and purchase option
ensure that the price of the car is identical under the lease and purchase option

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Explanation:

• Mileage restrictions are critical in leases because exceeding them leads to costly fees, so assessing them is essential.
• Car color is a personal preference, not a key financial/contractual term to negotiate for a lease.
• Lease and purchase financing rates are structured differently; they do not need to be identical, so this is not a necessary negotiation point.
• Negotiating the car's price (capitalized cost) to match the purchase price ensures you start with a fair base cost for the lease, as this price directly impacts lease payments.

Answer:

• assess any mileage restrictions
• ensure that the price of the car is identical under the lease and purchase option