Question 15 • Financial Math
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.
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