Question

What’s the difference between buying or leasing a car

What’s the difference between buying or leasing a car
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

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.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Problem: Holly wants to explore the difference between buying and leasing a vehicle, both over...
The Problem: Holly wants to explore the difference between buying and leasing a vehicle, both over 5 years with monthly payments. The car that she has an interest in has a value of $27 000, and is located in Winkler, MB. If she purchases the vehicle, she can do so with 3% financing. If she leases the vehicle, there is a residual rate of 51%, an acquisition fee of $495 and an interest rate of 5% (no security deposit is...
What are the opportunity cost for... Buying Vs. leasing a car, Going out to eat Vs....
What are the opportunity cost for... Buying Vs. leasing a car, Going out to eat Vs. preparing food at home Walking or taking public transportation
What’s the difference between deferred revenue and accounts receivable?
What’s the difference between deferred revenue and accounts receivable?
What’s the difference in the secondary structure between DNA and RNA?
What’s the difference in the secondary structure between DNA and RNA?
What’s the difference between a call for sinking fund purposes and a refunding call? 
What’s the difference between a call for sinking fund purposes and a refunding call? 
What’s the difference between moving average and normal average in calculating population?
What’s the difference between moving average and normal average in calculating population?
3. What’s the fundamental difference between how accountants and economists measure costs and revenues?
3. What’s the fundamental difference between how accountants and economists measure costs and revenues?
What’s the difference between motive and effect? Which one does Mai prioritize and why?
What’s the difference between motive and effect? Which one does Mai prioritize and why?
What’s the difference between 1. Normal put and protective put 2. Normal call and covered call
What’s the difference between 1. Normal put and protective put 2. Normal call and covered call
In a repeated measures ANOVA, what’s the difference between Stage 1 and Stage 2 analyses? Which...
In a repeated measures ANOVA, what’s the difference between Stage 1 and Stage 2 analyses? Which ANOVA, independent measures or repeated measures, is less likely to have individual differences and why?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT