8.1.3 Quiz: Car Leasing
Question 10 of 10
A term that describes an alternative to car buying where monthly payments
are paid for a specific period of time, after which the vehicle is returned to the
dealership or bought, is:
A. car leasing.
B. car maintenance.
C. car ownership.
D. car financing.
SUBMIT



Answer :

The term that describes an alternative to car buying where monthly payments are made for a specific period of time, after which the vehicle can be returned to the dealership or purchased, is called car leasing.

Explanation:
1. Car leasing is a process where you essentially rent a car for a specified period by making monthly payments.

2. At the end of the lease term, you have the option to either return the car to the dealership or buy it at a predetermined price.

3. Car leasing provides the flexibility of driving a new vehicle without the long-term commitment of ownership.

Therefore, the correct answer to the question is: A. car leasing.