Question 15
When comparing buying vs leasing a car, common misconceptions appear: leases can feel cheaper monthly but often include mileage limits and fees for wear; buying can be cheaper long-term if you keep the car. The right choice depends on usage, desire for new models, and cash flow preferences. This question checks knowledge of a frequently repeated but misleading claim: that leasing is always cheaper than buying. The goal is to surface the nuance rather than a blanket rule.
Which statement about leasing vs buying is most accurate?
Did You Also Know...
By Wise Wallet
Wells Fargo was founded in 1852 and used stagecoaches to carry gold, mail, and cash across the American West.