Question 22.98

2. A substantial proportion of new cars today are not sold but leased. Contact a local car dealer about a car that you are interested in and find out the details on leasing. Compare the cost of the lease and associated expenses with the cost of purchasing and owning the car. Include estimated maintenance, repair, and insurance costs for each option. Which seems like a better deal, and why? Consult the Suggested Websites at the end of this chapter. Write two to three pages describing and comparing the two options.