1. Lesson 2

1.8. Explore 4

Mathematics 30-3 Module 2

Module 2: Number

 

In Share 3 you likely found advantages and disadvantages of leasing and buying a vehicle. The following table lists some advantages of leasing and buying. Depending on your circumstances, you may find other advantages to both methods of acquiring a vehicle.

 

Advantages to Leasing

Advantages to Buying
  • smaller monthly payments
  • convenient if you don’t plan to use a vehicle for more than a few years
  • own the car
  • no longer need to make payments once you have paid off the loan
  • unlimited kilometres
  • can sell the vehicle at any time


glossary

Add the following terms to your copy of Glossary Terms:

  • depreciation
  • lease
  • residual value