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LEARNING ABOUT CHOICES TUTORIAL

Read both ads, then fill out the chart to determine which is the better offer.


Ad #1 - Finance Ad #2 - Lease
Last Week! Huge Closeout Sale Bank Z
$350 mo.* Lease $250 mo.*
$1250 down payment $1500 due at signing (includes security deposit)
*Plus tax, title & plate. Must qualify for special manufacturer's rate at 3.9% APR. 60 month financing. *Plus tax, title & plate. 36 month lease. Extra mileage charge over 12,000 miles per year. Lessee pays for maintenance, repair, and excess wear. Must qualify for Bank Z lease.



Requirements Finance Lease
Term in months

Monthly payment

APR

Amount due at signing

Rebate - Yes or No

Mileage limit for whole term

Tax, title and plate additional

Vehicle owned at end of term


Button: check Your Answers


Did You Know?


Ads almost never include vehicle's tax, title and registration, but you need to include them because you will have to pay for them. You can either pay in cash at delivery or have them included in your finance contract or lease agreement (which then raises your monthly payment).



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Jump to:
1. You've Got Choices 5. The "Finance or Lease" Exercise
2. Alternatives in Financing 6. The Benefits of Money Down
3. Low APR or Rebate - How to Choose 7. Optional Products for Financing or Leasing
4. Leasing Negotiation 8. Your Options: A Review
9. Resources to Assist You
 
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