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Lesson 2

1. Lesson 2

1.4. Discover

Mathematics 30-3 Module 2

Module 2: Number

 

This is a picture of a car commercial with lease options specified.

car: Ingram Publishing/Thinkstock

Discover
 

You have probably seen commercials on TV or on websites advertising new vehicles. They often quote a lease price per month and have a lot of “fine print” at the bottom.

 

What is a vehicle lease, and why all the fine print? You will explore these and other questions in the following Try This.

 

Try This 1


internet

Use your favourite search engine to learn about leasing, and then answer the following questions.

  1. How is leasing different from purchasing?
  2. Did you see any options for acquiring an item other than leasing or buying?
  3. Can you lease anything other than cars? Think of other items to research. Determine whether each item can be bought, leased, or both. The first row is filled in for you.

    Item

    Buy

    Lease

    Vehicle

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

course folder Save your responses in your course folder.

 

Share 1

 

With a parent or another adult, discuss the answers to the questions asked in Try This 1.

  1. Consider the table you created in Try This 1. Are there some items that can only be bought? Leased? Describe why you think this is.
  2. Given the option, why might someone choose to lease? Why might someone choose to buy?
course folder If required, place a summary of your discussion in your course folder.

The following search terms may be useful to you:

  • vehicle lease
  • lease technology