Question

Jim wants to buy a car, but he’ll probably only need it for a couple of years. He has a short commute to work, so he won’t be putting many miles on his vehicle. What’s the best transportation option for Jim?

A Use his savings to buy the car in full
B Buy the car using an auto loan
C Lease the car
D Take public transportation

Answer 1

The correct option is C

Step-by-step explanation:

As Jim want to bought a car but needed for a couple of period and also he has to commute to work but will not be used for many miles. Therefore, the correct option would be to lease a car because leasing will provide the person all the benefits which he want from that particular asset, as it grant the the party right to its exclusive possession for a particular period under stated conditions, in return for periodic rental.