Question

1. what is the main financial advantage of leasing a vehicle over buying? a. ownership of the vehicle b. higher monthly payments c. unlimited mileage d. lower 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. Ownership (a) is a disadvantage of leasing as you don't own the vehicle at the end of the lease. Higher monthly payments (b) is incorrect as leasing usually has lower payments. Unlimited mileage (c) is not a common feature of leases; most leases have mileage restrictions.

Answer:

d. Lower monthly payments