You must decide whether to buy a new car for 28 000 or lease the same car over a three year period Under the terms of the lease

Question

You must decide whether to buy a new car for 28 000 or lease the same car over a three year period Under the terms of the lease you make a down payment of 2000 and have monthly payments of 350 At the end of three years the leased car has a residual value the amount you pay if you choose to buy the car at the end of the lease period of 15 000 Assume you sell the new car at the end of three years at the same residual value Compare the cost of leasing and buying the car OA Buy 13 000 lease 14 600 B Buy 13 000 lease 14 900 C Buy 13 000 lease 14 300 O D Buy 14 000 lease 14 600 Submit quiz ECHICH

Kunduz · Accepted Answer

Click to see the answer