Fatima Valentine

Mathematics

5 September, 20:19

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.