16. car lease agreements come with a stipulation that you must pay a penalty if you_______. go over the pre…

16. car lease agreements come with a stipulation that you must pay a penalty if you_______. go over the pre - established mileage cap drive the car out of state dont park under a garage dont wash the car before returning it 17. a credit score is an indicator of how well someone pays off their debt, not how well they handle money. true false 18. when you finance a new car, you will end up paying more than the sticker price. true false

16. car lease agreements come with a stipulation that you must pay a penalty if you_______. go over the pre - established mileage cap drive the car out of state dont park under a garage dont wash the car before returning it 17. a credit score is an indicator of how well someone pays off their debt, not how well they handle money. true false 18. when you finance a new car, you will end up paying more than the sticker price. true false

Answer

Brief Explanations:

  1. Car lease agreements often have mileage - related penalties. Going over the pre - established mileage cap usually incurs a penalty as it affects the car's future value and wear. Driving out of state, not parking under a garage, or not washing the car before return are not standard penalty - triggering events in most lease agreements.
  2. A credit score reflects both how well someone pays off debt and their overall money - handling ability as it takes into account factors like payment history, credit utilization, etc. So the statement is false.
  3. When financing a new car, interest and other fees are added to the sticker price, resulting in paying more than the initial sticker price.

Answer:

  1. Go over the pre - established mileage cap
  2. False
  3. True