Which of the following is an advantage of buying your car over leasing?(1 point)

Question

Responses

When you want to get a new car, you have to deal with selling your current one.
When you want to get a new car, you have to deal with selling your current one.

The down payment for a car loan is usually smaller than the security deposit for a lease.
The down payment for a car loan is usually smaller than the security deposit for a lease.

You are always driving a new car.
You are always driving a new car.

You will end up owning the car, which may be worth a fair amount of money.

Answer 1

The advantage of buying your car over leasing from the provided options is:

You will end up owning the car, which may be worth a fair amount of money.

When you buy a car, you eventually own it outright, which can provide long-term financial benefits, such as the potential resale value.