week 6 assignment - cheaper than leasing a car because when...

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The calculator recommended that I buy my next car because I like to keep my cars as long as possible. Leases expire after two to four years and there is generally no option for renewing a lease on the same car. So, if you continually lease, you will get a new car every two to four years. Therefore, leasing is not a good option for people like you who like to keep their cars for many years. It didn’t really change the way that I previously thought because I would rather buy my car than lease a car. Buying a car is much
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Unformatted text preview: cheaper than leasing a car because when you buy a car, eventually, the car becomes yours after you finish making the payments. When you lease a car, you are making payments on a car every month that never becomes yours. I will follow the recommendation the calculator gave me because I think buying a car is better than leasing a car....
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This note was uploaded on 02/28/2011 for the course SCI 162 taught by Professor Ebonywardlaw during the Spring '10 term at University of Phoenix.

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