21
QuizMultiple Choice

Leasing vs. Buying a Car

Question 21 • 26-27 Ignite Technical Math-Financial Math - MA2007

Which of the following would be a good argument to buy rather than lease?

Answer
A
“Money is really tight. I need the lowest possible monthly payment.”
B
“It is very important for my image to drive the newest cars available.”
C
“I’m only going to need it for a few years before I move back to Great Britain.”
D
“I would prefer to walk out of the deal in the end with something to show for the money I put in.”

Explanation

Buying is a good choice if you want to own the vehicle after making payments. The statement about wanting “something to show for the money” points to building ownership rather than returning a leased car at the end of the term. A low monthly payment, driving the newest cars, or needing a car only for a few years can make leasing more appealing.

AI-written and checked against the verified answer.

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