What is the net advantage to leasing?

Question

Quizplus · Accepted Answer

The net advantage to leasing (NAL) is a calculation used to determine the financial benefit or disadvantage of leasing an asset compared to purchasing it. The correct answer, in this case, depends on specific financial data such as the cost of leasing, the cost of purchasing, the residual value of the asset, tax implications, and any other relevant financial factors. Without specific data, it's impossible to calculate the exact NAL. However, given that B) $2,502 is marked as the correct choice, it suggests that in this scenario, leasing offers a financial advantage of $2,502 over purchasing the asset outright.

What Is the Net Advantage to Leasing