L1 Buying or Leasing a Vehicle
Completion requirements
Unit F: Finance
Buying or Leasing a Vehicle
Ivan has been working for two years and would like to get a new car. He has the option of purchasing the car for $525/month or leasing the car for $450/month. What factors must Ivan consider to make a decision about getting a car?
In this lesson, the options for purchasing and leasing vehicles will be discussed.
By the end of this lesson, you will be able to
- describe and explain the options available for the purchase, lease, and lease-to-purchase a vehicle
- solve problems that involve the purchase, lease, or lease-to-purchase of a vehicle