9
QuizMultiple Choice

Leasing vs. Buying a Car

Question 9 • 2025-2026 GSP Mathematical Reasoning for Decision Making

Leasing a car for a five-year period usually costs about the same as a five-year loan because __________.

Answer
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
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