Which of the following is a disadvantage of a car lease? Group of answer choices Monthly lease payments are usually lower than monthly financing payments. You can usually obtain a more expensive vehicle than with an outright purchase. At the end of the lease, you have no ownership interest in the vehicle. A large down payment is required. The capitalized cost is usually lower than the list price.

Question

Sheppard

Business

4 July, 07:11

Which of the following is a disadvantage of a car lease? Group of answer choices Monthly lease payments are usually lower than monthly financing payments. You can usually obtain a more expensive vehicle than with an outright purchase. At the end of the lease, you have no ownership interest in the vehicle. A large down payment is required. The capitalized cost is usually lower than the list price.

+4

Answers (1)

Know the Answer?

Cosmo · Answer 1

The correct answer is letter "C": At the end of the lease, you have no ownership interest in the vehicle.

Explanation:

Ownership interest refers to the right individuals have over property that allows them to sell it, rent it or donate it. Car leases do not offer that benefit at the end of the lease agreement. Financing vehicle programs, instead, provide the debtor total right over the car once the amount of the debt has been paid off.