Question

Gina has to pay monthly installments for a period of 24 months to her car dealer. after 24 months she can either return the car or buy it at its lower resale value. has she bought the car on a loan or is it on lease? done clear a left hand holding car keys over a grayish white sedan with clouds in the background

Answer 1

Gina's situation represents a car lease. She pays monthly installments to the car dealer for 24 months and has the option to return the car or buy it at its lower resale value.

Step-by-step explanation:

Gina's situation represents a car lease. A car lease is an agreement in which the lessee (Gina) pays monthly installments to the lessor (car dealer) for a specified period of time (24 months). At the end of the lease term, Gina has the option to return the car or buy it at its lower resale value.

Answer 2

For the answer to the question above asking, as she bought the car on a loan or is it on lease if Gina has to pay monthly installments for a period of 24 months to her car dealer. after 24 months she can either return the car or buy it at its lower resale value?

this is a clear example of a lease