1. What is the goal of comparison shopping?
2. Explain why lease payments for a new vehicle are lower than loan payments for the same vehicle.
3. Describe the relationships among capital cost, capital cost reductions, and residual value in a lease.
4. Explain the difference between an implied warranty and an express warranty. How do they relate to the term as is?
5. What is an extended warranty? What is a disadvantage of such a contract?