Which of the following is not an extra charge that may be attached to a car leas charges for kilometres travelled over a given amount excess wear and tear early termination of the lease depreciation

Question

Which of the following is not an extra charge that may be attached to a car leas charges for kilometres travelled over a given amount excess wear and tear early termination of the lease depreciation

Answer 1

The correct answer is:**depreciation**### Explanation:Depreciation is not an extra charge attached to a car lease. Instead, it is a factor that is already accounted for in the monthly lease payments. Depreciation refers to the loss of value of the car over time, and leasing companies calculate this when determining the cost of the lease.On the other hand:- **Charges for kilometres travelled over a given amount**: These are extra charges if you exceed the mileage limit specified in your lease agreement.- **Excess wear and tear**: You may be charged for damage or wear beyond what is considered normal use.- **Early termination of the lease**: If you end the lease before the agreed-upon term, you may face penalties or fees.

Question

Which of the following is not an extra charge that may be attached to a car leas charges for kilometres travelled over a given amount excess wear and tear early termination of the lease depreciation

Solution

Answer