Question

Which statements apply to leasing a car? check all that apply.

Answer 1

Leasing a car typically involves lower monthly payments with mileage restrictions. You must return the car at the end of the lease and there are penalties for early termination. You cannot sell the car after the lease ends as you do not own it.

When considering the statements that apply to leasing a car, there are certain key points to take into account:

• The car cannot be driven as much as needed without potential extra costs, as there are mileage restrictions on the car.
• Payments are not generally higher than buying; in fact, monthly payments are often lower when leasing.
• At the end of a lease, you must return the car to the dealership or leasing company.
• There are indeed penalties for ending the lease early, which can include several months' worth of payments or other fees.
• After the lease ends, you cannot sell the car to someone else, as you do not own the vehicle; it must be returned or the lease must be extended or converted into a purchase.

In summary, leasing a vehicle involves a contractual agreement with specific terms including mileage limits, end-of-lease conditions, and potential early termination penalties.

Question:

Which statements apply to leasing a car? Check all that apply.

The car may be driven as much as needed.

Payments are generally higher than buying.

There are mileage restrictions on the car.

You must return the car after the lease ends.

There are penalties for ending the lease early.

You can sell the car to someone else after the lease ends.

Answer 2

The statements that apply to leasing a car are:

• There are mileage restrictions on the car.
• You must return the car after the lease ends.
• There are penalties for ending the lease early.

What happens when leasing a car ?

Leasing agreements often come with mileage limits, and exceeding these limits can result in additional charges. Leasing is essentially a long-term rental, and you are required to return the car to the leasing company at the end of the lease term.

There are typically penalties or fees for terminating a lease before the agreed-upon lease term is completed. Lease payments can sometimes be lower than loan payments for purchasing a new car, but it depends on various factors, including the vehicle's price, lease terms, and interest rates.

The full question is:

Which statements apply to leasing a car? Check all that apply.

The car may be driven as much as needed.

Payments are generally higher than buying.

There are mileage restrictions on the car.

You must return the car after the lease ends.

There are penalties for ending the lease early.

You can sell the car to someone else after the lease ends.