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.