Choose all the correct options

Question

in a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information:

Accepted Answer

All of the above

Answer

Gross capitalized cost (including the agreed-on value of the vehicle)

Answer

Rent charge (the difference between the total of base payment over the lease term minus the depreciation and any amortized amounts)

Answer

Itemization of other charges that are part of the periodic payment

In a motor vehicle lease, a mathematical progression showing how the periodic payment is derived, containing the following information: