both buying and leasing have their pros and cons. sort the descriptions below as being pros of buying vs…

both buying and leasing have their pros and cons. sort the descriptions below as being pros of buying vs pros of leasing. buying leasing little to no repair costs unlimited mileage not worrying about trade - in value ability to customize

both buying and leasing have their pros and cons. sort the descriptions below as being pros of buying vs pros of leasing. buying leasing little to no repair costs unlimited mileage not worrying about trade - in value ability to customize

Answer

Brief Explanations:

  • Little to no repair costs is a pro of leasing as the lessor often covers major repairs.
  • Unlimited mileage is a pro of buying since lease agreements usually have mileage limits.
  • Not worrying about trade - in value is a pro of buying as you own the asset outright.
  • Ability to customize is a pro of buying as you have full rights to modify the asset.

Answer:

  • little to no repair costs: Leasing
  • unlimited mileage: Buying
  • not worrying about trade - in value: Buying
  • ability to customize: Buying