Question

What’s the difference between buying or leasing a car

What’s the difference between buying or leasing a car

Homework Answers

Answer #1

       Buying a car means taking a car from a store or owner by paying the price which the latter can never take back . The car has become my property. Whereas leasing means a bond or contract between two persons or organisation . Suppose I lease a car from a owner for 5years at certain price, for 5years the car will be mine and every benefit from that car will be taken by me, but after 5years, I have to return it back to its former owner.

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