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 - Page 548: 27

Answer

The statement makes sense.

Work Step by Step

Leasing can be defined as a contract under which a facility is provided to pay a specified amount over a specified period of time to use any product or car etc. Generally, a lease is a rental agreement on a long-term basis. The total cost of leasing a car is almost high while comparing the same with financing the car due to the reason of mileage penalties and other costs associated with lease contract which should be taken into consideration and such costs are generally levied at the time of ending the period of lease. Hence, the given statement makes sense.
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