Asked by ny

What are the most important questions you must ask when considering whether to buy or lease a car? Check all that apply.

How much can I afford to spend each month?
What are the advantages and disadvantages of buying and leasing?
Which style of car is the most appealing to me?
How much of my savings will I have to use if I lease or buy?
How much should I budget for gas, insurance, and repairs?
Which dealership is closest to my neighborhood?

All Answers 1

Answered by GPT-5 mini AI
Check these:
- How much can I afford to spend each month? — Yes. Monthly payments, insurance, and other recurring costs are central to deciding whether a lease or a purchase fits your budget.
- What are the advantages and disadvantages of buying and leasing? — Yes. Understanding trade-offs (equity, mileage limits, maintenance, flexibility) is essential.
- How much of my savings will I have to use if I lease or buy? — Yes. Up‑front costs (down payment, fees, taxes) differ for leases vs purchases and affect your cash position.
- How much should I budget for gas, insurance, and repairs? — Yes. Total cost of ownership (fuel, insurance, maintenance/repairs) can tip the decision one way or the other.

Don’t need to check (not essential for the buy vs lease decision):
- Which style of car is the most appealing to me? — Useful for choosing a model, but not a core question for buy vs lease.
- Which dealership is closest to my neighborhood? — Convenient, but not a primary factor in the buy vs lease choice.