25
QuizMultiple Choice

Unit Test — Unit test

Question 25 • CARE_24_25_TX-Mathematical Models with Applications B

Which of the following statements explains the difference between a lease and a loan?

Answer
A
At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company.
B
At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car belongs to you.
C
A loan requires a large down payment at the beginning while a lease does not.
D
A lease requires a large down payment at the beginning while a loan does not.