Question

Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What’s the best transportation option for Jim?

ABuying a car using an auto loan.
BLeasing a car.
CUtilizing his saving as a down payment and buying the car using an auto loan.
DRenting a car daily.

Answer 1

I'd say B, by leasing the car he'd save more money if it broke down or stopped functioning properly and if that happened he could lease a different car instead of paying multiple times to fix things that would most likely break down again because he owned it.