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

Warren Lloyd is interested in leasing a new car and has contacted three automobile dealers for pricing information. Each dealer offered Warren a closed-end -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 follow:
Excel File: data20-19.xls
Dealer Monthly Cost Mileage Allowance Cost per Additional Mile
Forno Automative $29936,000 $0.15
Midtown Motors $31045,000 $0.20
Hopkins Automative $32554,000 $0.15

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