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What is a main disadvantage of leasing a vehicle compared to buying a vehicle?
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What is a main disadvantage of leasing a vehicle compared to buying a vehicle?
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Mathematics
5 years
2021-08-13T22:23:43+00:00
2021-08-13T22:23:43+00:00 1 Answers
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There’s no cut off with a lease, so buying a vehicle has a set price that you pay until you reach, where as leasing a vehicle means you make the same set payment for the time that you have the vehicle. So, let’s say the price of a vehicle is $15,000 or you can lease the same vehicle for $200 a month. If you have the car for 10 years… (120 months)… you have payed $15000 for buying the car but if you lease the car you would have payed $24,000