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both buying and leasing have their pros and cons. sort the descriptions…

Question

both buying and leasing have their pros and cons.
sort the descriptions below as being pros of buying vs pros of leasing.
buying leasing
smaller monthly payment
unlimited mileage
ownership
ability to customize
related content
article making the decision: lease or buy
when leasing might come out better than buying

Explanation:

Brief Explanations

To solve this, we analyze the pros of buying and leasing:

  • Smaller monthly payment: Leasing typically has lower monthly payments than buying, so this is a pro of leasing.
  • Unlimited mileage: When you buy a vehicle, there's no mileage restriction (unlike leases which often have mileage limits), so this is a pro of buying.
  • Ownership: Buying a vehicle means you own it, while leasing is like a long - term rental, so ownership is a pro of buying.
  • Ability to customize: If you own the vehicle (from buying), you can customize it as you like. Leased vehicles usually can't be heavily customized, so this is a pro of buying.

Answer:

  • smaller monthly payment: Leasing (check the circle under Leasing)
  • unlimited mileage: Buying (check the circle under Buying)
  • ownership: Buying (check the circle under Buying)
  • ability to customize: Buying (check the circle under Buying)