Jackson leased a new car for 3 years. He agreed to pay $1,900 down and a $269 payment each month. He also agreed to pay $0.125 per mile he drove over 30,000 miles. During the 3-year lease period, Jackson drove the car 32,458 miles. Excluding taxes, what was the cost of leasing this car for 3 years?

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TheoryPractice · Accepted Answer

$11,891.25. Add the three costs: down payment ($1,900), total monthly payments and mileage over 30,000 (<img src="asset:assets/questions/a62cfae3ba16c4fa.png"/>) to get $11,891.25.

Jackson leased a new car for 3 years. He agreed to pay $1,900 down and a $269 payment each month. He also agreed to pay $0.125 per mile he drove over 30,000 miles. During the 3-year lease period, Jackson drove the car 32,458 miles. Excluding taxes, what was the cost of leasing this car for 3 years?

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