American_Bankers_Association
CTFA · Question #194
A good lease contract should clearly define what is considered unreasonable. In addition, most leases requires the lessee to pay a disposition fee:
The correct answer is C. Of about $150 to $250 when the car is returned. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
A good lease contract should clearly define what is considered unreasonable. In addition, most leases requires the lessee to pay a disposition fee:
Options
- AOf about $50 to $250 when the car is returned
- BOf about $200 to $250 when the car is returned
- COf about $150 to $250 when the car is returned
- DOf about $1500 to $250 when the car is returned
How the community answered
(59 responses)- A3% (2)
- B7% (4)
- C76% (45)
- D14% (8)
Topics
#disposition fee#lease terms#automobile lease#lessee obligations
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