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Amy Lloyd is interested in leasing a new Honda and has contacted three automobile dealers for pricing information. Each dealer offered Amy a closed -

Amy Lloyd is interested in leasing a new Honda and has contacted three automobile dealers for pricing information. Each dealer offered Amy a closed-end 36-month lease with no down payment due at the time of signing. Each lease includes a monthly charge and a mileage allowance. Additional miles receive a surcharge on a per-mile basis. The monthly lease cost, the mileage allowance, and the cost for additional miles are as follows:
Dealer Monthly Cost Mileage Allowance Cost per Additional Mile
Hepburn Honda $32554,000 $0.15
Midtown Motors $29936,000 $0.15
Hopkins Automotive $30545,000 $0.20

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