Lesson 2

1. Lesson 2

1.10. Lesson 2 Summary

Mathematics 30-3 Module 2

Module 2: Number

Lesson 2 Summary

This is a photo of a red toy car on top of some dollar bills with a car key in front.

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In this lesson you learned two main differences between leasing and purchasing.

When purchasing, you finance the full amount. With leasing, you finance the depreciation amount.
When purchasing, you own the vehicle at the end of the loan period. With leasing, you do not own the vehicle at the end of the lease; however, you may have the opportunity to purchase the vehicle at the end of the lease.

You also explored the issues to be investigated when deciding whether to lease or purchase a vehicle, and the advantages of buying or leasing a vehicle.