A company decided to lease a car 4 years ago for its daily driving business.

Vendor: AFP
Product: CTP
Update on: Oct 21, 2025
Questions: 1076

AFP CTP Question Answer

A company decided to lease a car 4 years ago for its daily driving business. The company maintained the car as per the lease agreement. Last year, the company decided to expand into event hosting and experienced an increase in business, especially when hosting overnight events. The company decided to purchase a minivan and return the car at lease expiration. When returning the car, the company had to pay $1,500 to the lessor. What was the MOST LIKELY cause of the additional expense?

Lessor did not consider associated taxes.

Lessee exceeded its mileage maximum.

Lessee did not properly service the car.