One of the Disadvantages of Leasing a Car Is

question 77

Multiple Choice

One of the disadvantages of leasing a car is

• A)you don't have any equity investment in it.
• B)you don't need a substantial down payment.
• C)you have a higher monthly car payment.
• D)you can't buy the car after the lease period.

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Definitions:

Office of Personnel Management (OPM)

A U.S. federal agency that manages the civil service of the federal government, overseeing human resources policy, personnel management, and health insurance policies for federal employees.

Political Appointees

Individuals who are appointed to certain government positions as a result of their political affiliation or support, rather than through a merit-based system.

Interstate Commerce Commission (ICC)

A former independent agency of the U.S. government, established to regulate the railroad industry and later expanded to oversee other modes of transportation.

Independent Regulatory Agency

An autonomous agency established by a government to impose and enforce regulations without political interference, often in specific economic sectors.