Which of the following are reasons people lease vehicles?
A)Leasing is generally less expensive than buying.
B)Monthly payments for leases are generally less expensive than loan payments.
C)One can afford a more expensive car with the same monthly payment by leasing rather than buying.
D)b and c only
E)a, b, and c

Question

Quizplus · Accepted Answer

While leasing may not always be less expensive than buying in the long run, it can have lower monthly payments due to factors such as lower down payments and the fact that lessees typically only pay for the depreciation of the vehicle during the lease term. Leasing can also allow people to afford a more expensive car for the same monthly payment as buying.

Which of the Following Are Reasons People Lease Vehicles