Question

leasing a car for a five-year period usually costs about the same as a five-year loan because __________. a. five-year leases are considered more risky and come with a higher interest rate b. the longer time period over which to pay the leasing company creates a higher monthly payment c. if you lease a car for five years, the leasing company transfers it to a sale with the same monthly payment d. even with the lower monthly payments, leasing a car for five years requires a second lease agreement, which comes with additional fees

Answer 1

Here is the correct answer that would best complete the given statement above. Leasing a car for a five-year period usually costs about the same as a five-year loan because even with the lower monthly payments, leasing a car for five years requires a second lease agreement, which comes with additional fees. Therefore, the correct answer would be option D. Hope this helps!