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.
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