Why Calculate a Lease Versus Buy Decision from the Perspective

question 83

Essay

Why calculate a lease versus buy decision from the perspective of the lessee? Why not instead find the present value cost of owning, and then find the present value cost of leasing, and compare which is cheaper?

---

Definitions:

Emotional Response

The feelings or emotions elicited by an event, object, or stimulus.

Feelings of Others

An awareness and consideration of the emotions and emotional states experienced by other people.

Empathy

The capacity to understand and share the feelings of another person while recognizing their emotions and perspectives as distinct from one's own.

Altruistic Helping

Assisting others with the primary intention to improve their well-being, without expecting any benefits in return.