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Buying vs. Leasing a Vehicle

1 of 10

True or False. When leasing, you do not own the vehicle.

2 of 10

True or False. Loan payments are usually lower when you buy a vehicle instead of leasing a vehicle.

3 of 10

True or False. You can drive an unlimited amount of miles when you lease a vehicle.

4 of 10

True or False. You can sell a vehicle before you have finished all payments on an auto loan.

5 of 10

True or False. You cannot add aftermarket modifications to a leased vehicle.

6 of 10

True or False. Adding some aftermarket modifications while making loan payments can void vehicle warranties.

7 of 10

True or False. You cannot terminate a lease early.

8 of 10

True or False. Wear and tear can lower a vehicle’s trade in value.

9 of 10

True or False. There is no equity in a vehicle that has been paid off.

10 of 10

True or False. You can negotiate the price of a vehicle when leasing and buying.

©2023 Reseda Group LLC, used under license.

Copyright ©2023 Reseda Group LLC, used under license.