Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.6 Cars - Exercise Set 8.6: 19

Answer

When leasing a car, the monthly payments are normally lower than the monthly payments when buying a car. When leasing a car, we can return the car after a year or two and lease a new model without a significant increase in monthly payments.

Work Step by Step

When leasing a car, the monthly payments are normally lower than the monthly payments when buying a car. When leasing a car, we can return the car after a year or two and lease a new model without a significant increase in monthly payments. With leasing, we will always be able to drive a new or almost-new car without high monthly payments.
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