Let's analyze the disadvantages of choosing the lease option based on the given information:
1. I do not have enough money for the down payment.
- The up-front cost for leasing is \[tex]$3,925.
- Your savings are \$[/tex]2,500.
- Since the up-front cost is more than your savings, you do not have enough money for the down payment.
2. I must make sure not to drive more than 10,000 miles a year.
- The lease option comes with a mileage restriction of 10,000 miles per year.
- This is a limitation if you drive more than 10,000 miles annually.
3. I will pay a higher price for the car.
- The total cost of buying is \[tex]$20,579.
- The total cost of leasing is \$[/tex]12,169.
- Leasing usually costs less overall, so this is not a valid disadvantage.
4. My monthly payments will be higher.
- The monthly payment for buying is \[tex]$338 for 60 months.
- The monthly payment for leasing is \$[/tex]229 for 36 months.
- Since the lease monthly payment is lower, this is not a valid disadvantage.
5. I will have to buy another car in three years.
- The lease duration is 3 years (36 months).
- After the lease period ends, you will need to either lease another car or buy one.
Thus, the disadvantages of choosing the lease are:
1. I do not have enough money for the down payment.
2. I must make sure not to drive more than 10,000 miles a year.
5. I will have to buy another car in three years.
So, the final disadvantages are: [1, 2, 5]
