SOLUTION: 1. Mr. Salgado leased a new car for 3 years. He agreed to pay $1,200 down and $269 per month for the duration of the lease. Mr. Salgado also agreed to pay $0.125 per mile for every

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Question 253016: 1. Mr. Salgado leased a new car for 3 years. He agreed to pay $1,200 down and $269 per month for the duration of the lease. Mr. Salgado also agreed to pay $0.125 per mile for every mile driven over 36,000 miles. When he got the car, the odometer read 0 miles. At the end of the lease, the odometer read 49,272 miles.
What was the total cost to lease the car for three years, excluding any taxes?
1. $9,684
2. $10,884
3. $11,343
4. $12,543
5. $15,384
Answer by richwmiller(17219)   (Show Source): You can put this solution on YOUR website!
1200+269*36+.125(49272-36000)
down payment+36 months+mileage.
He shouldn't pay anything but he should sue them because the odometer was tampered with or malfunctions. Even new cars have a few miles on them.
It is a crime to set the odometer back.
And if it wasn't set back then he shouldn't trust it.
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