What questions should someone consider when…

Business Studies Questions

What questions should someone consider when deciding whether to lease or buy a car? Check all that apply: Will I exceed the permitted lease mileage? Will my family be happy with the car? How long do I intend to keep the car? What is my budget for the car? How important are the car’s features to me?

Answer

To consider when leasing or buying a car, ask yourself: Will I exceed the lease mileage? If so, buying might be a better option. How long do I need the car? Leasing is suitable for short-term use. What is my budget? If your budget is lower than the purchase price of a car, leasing could be the way to go. How important are the car’s features to me? Typically, buying offers more options compared to leasing. Also, asking if my family will like the car is subjective and usually isn’t a decisive factor for leasing. Hope this clarifies things!

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