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Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way
to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in
the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his
success. Should he buy or lease a new car?

Respuesta :

WeirdBits

Answer:

he should lease

Explanation:

If he were to but a new car it would most likely be more expensive than if he were to lease.

chilljain33

In the conditions as given above, it would be ideally, advisable and financially wise for Jackson to lease a new car as a testament of his success.

What is a lease?

A lease is a mixture of rent and purchase, where a person opts for a product or a service upon payment of the same as per the conditions and terms of the lease agreement.

Leasing is a financially-viable decision, as purchase requires either a payment in lump sum, or a loan where interest is to be paid over the amount of purchase. Thus, Jackson must opt for a lease.

Hence, the significance of a lease is aforementioned.

Learn more about a lease here:

https://brainly.com/question/23450043

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