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Buying vs. Leasing a New Car
For each statement, determine if it is a characteristic of a lease or a purchase of a vehicle.
Mileage is limited
Buying a vehicle
Leasing a vehicle
There are no mileage restrictions.
Payments are smaller.
The car is returned after the contract.
You can sell the car at any time.
Payments are generally higher.

Respuesta :

The Difference between Lease and Purchase is that in former you return the Asset after some time, while in latter you have the option to sell or retain.

Lease and Purchase

There are different statement, some of which are characteristic of a lease, and some are of purchase of a vehicle. The statment which belongs to Lease are as follows:

  • Mileage is limited
  • Leasing a vehicle
  • The car is returned after the contract
  • Payments are generally higher

Statement which belongs to Purhcase are:

  • Buying a vehicle
  • There are no mileage restrictions
  • Payments are smaller
  • You can sell the car at any time

Learn more about Lease here:

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