Question

Which of the following statements explains the difference between a lease and a loan?

a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
c. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not.
Please select the best answer from the choices provided

Answer 1

letter A is the answer

Step-by-step explanation:

At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company.