Business, 16.10.2020 20:01, quinshayewilli3329

Savings: $2,500 Discretionary spending: $450 per month

Option A to buy has a total cost of 22,780 dollars, up-front cost of 2,500 dollars, monthly payment of 338 dollars for 60 months, and no mileage restriction. Option B to lease has a total cost of 12,169 dollars, up-front cost of 3,925 dollars, monthly payment of 229 dollars for 36 months, and mileage restriction of 10,000 per year.

Compare the costs of buying and leasing a new vehicle.

What are the advantages of buying the car? Check all that apply.

I have enough saved for the down payment.
There are no mileage restrictions.
The price of the car is less.
The monthly payment is less.
I will own the car in five years.

Answers: 3

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Do you know the correct answer?

Savings: $2,500 Discretionary spending: $450 per month

Option A to buy has a total cost...