Law High School

Which of the following would be a good argument to buy rather than lease? 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.” Please select the best answer from the choices provided A B C D

Answers

Answer 1

"I would prefer rather to walk out of the deal in the end with something to show for the money I put in." This statement is a good argument to buy rather than lease and option (d) is the answer.

Does "lease" mean "rental"?

However, the length of the contract is the main difference between a leased property and a rented property. Leases are usually short-term, usually a few months, as opposed to leases, which usually cover a longer period specified in the contract (usually he a year or more).

Buildings, land, and automobiles are examples of municipal assets that are leased. We also lease devices for businesses and industries. Thus, a lease agreement is basically a contract between a lessor and a lessee. However, leasing has lower upfront costs, lower monthly payments, and no resale hassles.

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