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Buying versus Leasing

This week, we cover long term finance and leasing. Most, if not all, of you, either own or lease a vehicle. Please answer the following questions as completely as possible.

• If you own, did you consider leasing? If yes, why did you choose a purchase over a lease?
• If you lease, why did you go with a lease? List the specific advantages you feel you gained by leasing.
• If you were to advise a classmate on buying vs leasing, what would be the key factors that you would like them to consider?

Min 300 words