Which of the following is a reason for people to 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 necessarily be less expensive than buying in the long run, monthly lease payments are often lower than loan payments for the same car. Additionally, leasing allows people to afford a more expensive car with the same monthly payment since they are only paying for the depreciated value of the car during the lease term.

Which of the Following Is a Reason for People to Lease