Question

Leasing a car for a five-year period usually costs about the same as a five-year loan because __________.
a.
five-year leases are considered more risky and come with a higher interest rate
b.
the longer time period over which to pay the leasing company creates a higher monthly payment
c.
if you lease a car for five years, the leasing company transfers it to a sale with the same monthly payment
d.
even with the lower monthly payments, leasing a car for five years requires a second lease agreement, which comes with additional fees

Answer 1

Here is the correct answer that would best complete the given statement above. Leasing a car for a five-year period usually costs about the same as a five-year loan because even with the lower monthly payments, leasing a car for five years requires a second lease agreement, which comes with additional fees. Therefore, the correct answer would be option D. Hope this helps.

Answer 2

Leasing a car for a five-year period usually costs about the same as a five-year loan.

A lease is an agreement in which an individual holds a property fro an agreed period of time after which it is returned to the original owner of the property. A loan is an amount of money given to a borrower on which interest is usually charged.

Leasing a car for a five-year period usually costs about the same as a five-year loan because even with the lower monthly payments, leasing a car for five years requires a second lease agreement, which comes with additional fees.

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