Question

1. what is the main financial advantage of leasing a vehicle over buying?

a. ownership of the vehicle
b. unlimited mileage
c. lower monthly payments
d. higher monthly payments

Explanation:

When leasing a vehicle, you are essentially paying for the use of the vehicle during the lease term rather than paying off the full cost of the vehicle as you would when buying. This typically results in lower monthly payments compared to financing a vehicle purchase.

• Option a: Ownership is a characteristic of buying, not leasing.
• Option b: Leases usually have mileage limits.
• Option d: Higher monthly payments would not be a financial advantage.

Answer:

C. Lower monthly payments