Question

Rob changes his car every year and prefers a car that is always under warranty. Which option will suit him best?
A.
buying a car on a loan
B.
leasing a car for a certain period
C.
renting a car from day to day

Answer 1

Because he changes his car every year, it doesn’t make sense to buy a car on loan. He’ll be responsible for the full cost even if he wants to switch cars next year.

Renting a car every single day is much too expensive. You typically only rent a car for a short period of time, such as a vacation.

Therefore, the best option is to lease the car. He will pay in monthly installments during the time he uses the car, and when he wants to switch he can end the lease and move to another car without being responsible for the full price.