Which of the Following Is Not a Benefit of Leasing

question 80

Multiple Choice

Which of the following is not a benefit of leasing?

• A)You can usually obtain a very low down payment.
• B)The process of negotiating and closing a lease is usually less complicated and expensive than making a purchase and obtaining borrowed funds.
• C)It is usually much easier for you to replace leased assets than it is to replace assets you own.
• D)Leased assets have less number of restrictions on how they may be used,maintained,and disposed of.

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Definitions:

Cashier Check

A check drawn by a bank on its own funds and signed by a cashier, considered more reliable than a personal check because the bank guarantees its payment.

Commission Salesman

An individual who earns income based on the percentage of sales they generate.

Bargaining Position

The relative power of a party during negotiations that can influence the terms of the agreement.

Model Year Cars

Refers to the specific year's version of a car model, typically signifying technological updates or design changes.