Question

You are deciding whether to buy a car for 18,000 or to accept a lease agreement, you are responsible for service on the car and insurance. At the end of the lease, you may purchase the car for $7000. What are some possible advantages of leasing the car? A. You can sell the car whenever you want and you can make monkey on the car when you sell it. B. You can give the car back whenever you want and you can get a new car whenever you want. C. The insurance costs less and you get a service discount. D. Not all of the money is needed up front and you have years to decide if you want to buy the car.

Answer 1

The possible advantages of leasing the car are:

B. You can give the car back whenever you want and you can get a new car whenever you want.
C. The insurance costs less and you get a service discount.
D. Not all of the money is needed up front and you have years to decide if you want to buy the car.

These options highlight the flexibility and financial benefits of leasing, such as the ability to switch to a new car easily, reduced insurance costs, service discounts, and the opportunity to delay the decision of purchasing the car.