15
QuizMultiple Choice

Automobile Ownership — Test

Question 15 • Financial Math

What is a financial benefit of buying a car that you would not typically have when leasing the same vehicle?

Answer
A
unlimited mileage without penalty
B
no restrictions on customization
C
building equity with each payment
D
freedom to sell the car at any time

Explanation

When you buy a car, each payment reduces the amount you owe and increases your ownership stake, or equity, in the vehicle. Lease payments generally pay for using the car during the lease term and do not build equity. The other choices are not unique financial benefits of buying: owners may have more freedom to customize, drive without lease mileage limits, and sell the car, but those are freedoms rather than equity gained through payments.

AI-written and checked against the verified answer.

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