Question

Which of the following is a key benefit of leasing?

A) You do not have to fill out a credit application.
B) You do not have to maintain the car since you do not own it.
C) You are able to drive a more expensive car for the same monthly payment versus buying.
D) A, B and C are all correct.

Answer 1

Leasing allows you to drive a more expensive car for the same monthly payment compared to buying.

Step-by-step explanation:

The key benefit of leasing is that you are able to drive a more expensive car for the same monthly payment compared to buying.

When you lease a vehicle, you generally have to pay a smaller down payment and your monthly payment is much lower. This allows you to have a newer vehicle without the high upfront and monthly costs associated with buying.