Question

In making the purchase versus leasing decision, it is important to remember that

A) dealers may impose an additional mileage cost.
B) leasing is less risky than a purchase.
C) leasing is less expensive that a purchase.
D) you won't be required to pay maintenance costs on the leased car.

Answer 1

In the purchase versus leasing decision, it is important to remember that dealers may impose additional mileage costs, leasing is less risky than a purchase, and maintenance costs are typically covered in a lease agreement.

Step-by-step explanation:

In making the purchase versus leasing decision, it is important to remember that:

1. Dealers may impose an additional mileage cost: When leasing a vehicle, if you exceed the agreed-upon mileage limit, you will have to pay additional fees for the extra mileage.
2. Leasing is less risky than a purchase: With leasing, you do not have to worry about the future value of the car or the reselling process.
3. You won't be required to pay maintenance costs on the leased car: In most lease agreements, the maintenance costs are covered by the leasing company or dealership.