WorksheetsL11 Day 3 Lease of Buy
Total questions: 16
Worksheet time: 8mins
Which statement best describes leasing a car?
You rent the car for a period
You own the car immediately
You borrow the car for free
You share the car with others
Where is leasing typically available for cars?
Only at dealerships for new cars
At any private seller’s home
Only online from manufacturers
At repair shops for used cars
Which two actions are possible when a lease ends?
Buy the car at a predetermined price
Return the car to the dealership
Transfer the lease to a friend
Claim ownership without payment
What misconception might lead someone to avoid leasing?
Thinking leases mean permanent ownership
Believing leases are like rentals
Knowing leases require monthly payments
Understanding leases last two to four years
Which end-of-lease action involves paying a preset amount?
Buying the car at the set price
Returning the car to the dealership
Leasing a different car
Scheduling the next inspection
What is a typical feature of car leases regarding duration?
Two to four years long
Renewed monthly forever
Fixed at ten years always
Limited to one season
At lease end, which path keeps driving without ownership?
Starting a new lease on another car
Buying the leased car outright
Keeping the car without payments
Transferring the title for free
Which statement correctly pairs payment and ownership in leasing?
Pay monthly, do not own
Pay once, own forever
Pay yearly, own partly
Pay weekly, own the title
Which path is unavailable when leasing used cars from private sellers?
Leasing only at dealerships for new cars
Returning the car after the term
Buying the car at the set price
Leasing another car afterward
At the end of a car lease, which options are commonly available?
Return the car to the dealership
Buy the car at the residual price
Extend or start a new lease
Sell the leased car to anyone independently
Which is a common downside highlighted about leasing?
A significant amount may be due at signing
Maintenance is always completely free forever
You never have monthly payments when leasing
Leasing guarantees unlimited miles at no cost
Which statement best describes a common financial benefit of leasing a car?
Lower monthly payments compared to buying
Higher monthly payments than auto loans
No monthly payments after the first year
Monthly payments only during warranty period
Which statement reflects a major limitation of leasing?
You do not own the car at lease end
You build equity in the vehicle
You can customize the car freely
You can sell the car for profit
Which situation could lead to extra costs when returning a leased car?
Excess wear and tear or damage
Keeping mileage under the limit
Completing all scheduled services
Using manufacturer parts only
Which is a common drawback of buying a car?
No freedom to choose color
Higher monthly payments than leasing
Strict mileage limits each year
You must return the car after term
When you buy a car with a loan, what happens after you finish all payments?
You return the car to the lender
You own the car outright
You start a new lease automatically
You pay mileage penalties
