One difference between obtaining a car with a lease or a loan is that

a) a loan will not have any additional fees or payments that need to be considered while a lease comes with a handful of additional charges

b) a lease will not have any additional fees or payments that need to be considered while a loan comes with a handful of additional charges

c) a loan finances the total purchase price of the car while a lease finances only the depreciated value and related fees

d) a loan finances the depreciated value of the car with related fees while a lease finances the total purchase price of the car

Option C is the correct one.

Step-by-step explanation:

One difference between obtaining a car with a lease or a loan is that - a loan finances the total purchase price of the car while a lease finances only the depreciated value and related fees.

After the completion of loan, the person will own the car. But in case of lease, he can never own that car.

The correct answer is the option C: a loan finances the total purchase price of the car while a lease finances only the depreciated value and fees.

Step-by-step explanation:

A loan is the money that a company gives a person so he can complete a purchase, but with the agreement of returning that money plus an interest to the company in a certain period of time.

A lease is a contract in which two parties agree that one will have the property of a good and the other one will have benefits for the use of that good by the first party.

Therefore if a person buys a car with a loan, that loan will finance the total purchase of the car, instead of using a lease that will only finances the depreciated value and the fees for the monthly and regular use of the car. To sum up, the person that uses a loan will own the car after he pays for the whole loan, however the person that uses a lease will not own the car because he is not paying it to own but to use it regularly.

15 units use socratic

step-by-step explanation: 15 units