Colorado Car Sales Practice Test

Which of the following terms must be included in advertisements for lease agreements?

1. The total payment amount

2. The duration of the lease

3. The annual sales tax

4. The make of the vehicle

The correct answer is: The duration of the lease

The duration of the lease must be included in advertisements for lease agreements because it provides potential lessees with essential information about the commitment they are making. Knowing the length of the lease is crucial for consumers, as it helps them understand how long they will be responsible for payments and what their obligations will entail. This information aids in comparing different leasing options and making informed decisions. While the total payment amount and annual sales tax are important details for consumers, they are not legally mandated to be included in advertisements as specifically as the lease duration. Similarly, the make of the vehicle is relevant but not a requirement in lease advertisements. Therefore, highlighting the duration ensures transparency and compliance with advertising regulations in the leasing market.