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Question 15

When comparing buying vs leasing a car, common misconceptions appear: leases can feel cheaper monthly but often include mileage limits and fees for wear; buying can be cheaper long-term if you keep the car. The right choice depends on usage, desire for new models, and cash flow preferences. This question checks knowledge of a frequently repeated but misleading claim: that leasing is always cheaper than buying. The goal is to surface the nuance rather than a blanket rule.

Which statement about leasing vs buying is most accurate?

Did You Also Know...

By Wise Wallet

SEP IRAs and solo 401(k)s allow many self-employed people to contribute far more toward retirement than a standard IRA.