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What does leasing a car involve?


purchasing a car from a car dealer rather than from the previous owner


using a loan to buy the right to use a car only on specific days of the week


paying off the car loan over a period of time that's longer than the car is owned


renting the car for a specific period of time and paying for its depreciation

Verified Answer :

renting the car for a specific period of time and paying for its depreciation

kapoorprachi783

The answer is option D) renting the car for a specific period of time and paying for its depreciation.

What does leasing a car involved?

Leasing allows you to drive a car without actually buying it or paying a huge sum. When you lease a car, you only have to pay regular monthly installments for as long as you keep the car. These installments include the cost of the vehicle, insurance, maintenance, applicable taxes, and other recurring costs.

What are the disadvantages of leasing a car?

Biggest Disadvantages to Leasing a Car:

  • Expensive in the Long Run.
  • Limited Mileage.
  • High Insurance Cost.
  • Confusing.
  • Hard to Cancel.
  • Requires Good Credit.
  • Lots of Fees.
  • No Customizations.

Learn more about Leasing a Car here: brainly.com/question/14726395

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