evaluating an alternative: buying option a\nsavings: $2,500\ndiscretionary spending: $450 per month\ncompare…

evaluating an alternative: buying option a\nsavings: $2,500\ndiscretionary spending: $450 per month\ncompare the costs of buying and leasing a new vehicle.\nwhat are the advantages of buying the car? check all that apply.\ni have enough saved for the down payment.\nthere are no mileage restrictions.\nthe price of the car is less.\nthe monthly payment is less.\ni will own the car in five years.\n\n| | option a buy | option b lease |\n|--|--|--| \n| total cost | $22,780 | $12,169 |\n| up - front cost | $2,500 | $3,925 |\n| monthly payment | $338 for 60 months | $229 for 36 months |\n| mileage restriction | none | 10,000 per year |

evaluating an alternative: buying option a\nsavings: $2,500\ndiscretionary spending: $450 per month\ncompare the costs of buying and leasing a new vehicle.\nwhat are the advantages of buying the car? check all that apply.\ni have enough saved for the down payment.\nthere are no mileage restrictions.\nthe price of the car is less.\nthe monthly payment is less.\ni will own the car in five years.\n\n| | option a buy | option b lease |\n|--|--|--| \n| total cost | $22,780 | $12,169 |\n| up - front cost | $2,500 | $3,925 |\n| monthly payment | $338 for 60 months | $229 for 36 months |\n| mileage restriction | none | 10,000 per year |

Answer

Brief Explanations:

Buying (Option A) has advantages like sufficient down - payment savings, no mileage restrictions, lower monthly payment compared to some aspects of leasing, and ownership after five years. The price of the car is higher in buying but other benefits offset it in some cases.

Answer:

I have enough saved for the down payment. There are no mileage restrictions. The monthly payment is less. I will own the car in five years.