Answered

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7. In leasing, the Gross Capitalized Cost is similar to which of these retail financing terms?

A. Finance Charges
B. Selling Price + Adds
C. APR
D. Down Payment

Sagot :

GinnyAnswer

Final answer:

The Gross Capitalized Cost in leasing is akin to Selling Price + Adds in retail financing terms, essential for comparing leasing and buying options.


Explanation:

The Gross Capitalized Cost in leasing is similar to Selling Price + Adds in retail financing terms. This refers to the total cost of the vehicle, including any additional items or services added to the selling price.

Understanding this concept is crucial when comparing leasing options to buying a vehicle outright, as it helps in determining the total cost involved.


Learn more about Retail Financing Terms here:

https://brainly.com/question/37832374


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