Question

1. for each situation, put a checkmark in the column that you think would be the best option when getting a new car.

factor buy lease
i expect to drive more than 15,000 miles in a year
i like to have the newest car features
i need a low monthly payment
i plan to keep the same car for a long time

Explanation:

1. Driving over 15,000 miles/year often incurs large overage fees with leases, so buying is better.
2. Leases typically last 2-3 years, allowing access to new features regularly, which leases are ideal for.
3. Lease payments are generally lower than loan payments for the same vehicle, so leasing fits low monthly costs.
4. Buying builds ownership equity, making it better for long-term vehicle retention, as leases require returning the car at the end of the term.

Answer:

Factor	Buy	Lease
I like to have the newest car features		✓
I need a low monthly payment		✓
I plan to keep the same car for a long time	✓