Read the scenario.Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is looking to purchase both a car and a place to live, and he is very interested in building up equity and credit.

Brad has a steady income and expects to stay in the city long term, which makes purchasing a home a practical way to build home equity over time. Buying a car also gives him ownership, and making loan payments on time can help build his credit. Leasing either item provides use without ownership, so it is less aligned with his goal of building equity.

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