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Jane Doe wishes to lease a new Honda car and has contacted three automobile dealers for pricing information. Each dealer offered Jane a closed-end 36-month

Jane Doe wishes to lease a new Honda car and has contacted three automobile dealers for pricing information. Each dealer offered Jane a closed-end 36-month lease with no down payment due at the time of signing. Each lease includes a monthly charge and a kilometre allowance. Additional kilometres receive a surcharge on a per-kilometre basis. The monthly lease cost, the total kilometre allowance, and the cost for additional kilometre are given in the table below:

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Dealer Monthly cost Total kilometre Cost per (AUD) Allowance (km) additional kilometre (AUD) HighFive Honda 235 36,000 0.17 Family Motors 320 45,000 0.21 Jackson Automotive 350 55,000 0.15

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