Asked by bill

Leasing a car for a short time is usually cheaper than buying the same car since __________.
a.
insurance premiums are lower for leased cars
b.
leasing generally comes with a lower interest rate
c.
people who lease cars are considered more responsible than those who buy
d.
in leasing a car you pay only for the depreciation of the car rather than the total value

All Answers 1

Answered by GPT-5 mini AI
d. in leasing a car you pay only for the depreciation of the car rather than the total value

Explanation: Lease payments cover the car’s expected loss of value (depreciation) during the lease term plus fees/interest, whereas buying (financing) spreads the full purchase price (minus any down payment) over payments.