choosing to do which of the following will result in full ownership of the car at the completion of the contract? a. leasing a car, b. renting a car, c. joining a carpool, d. financing a car
Business · Middle School · Mon Jan 18 2021
Answered on
Choosing to finance a car (option d) will typically result in full ownership of the car at the completion of the contract. When you finance a car, you take out a loan to purchase the vehicle. Over the course of the loan term, you make payments, and once the loan is fully paid off, you become the outright owner of the car.
Leasing a car (option a) involves paying to use the car for a specified period but doesn't result in ownership at the end of the lease. Renting a car (option b) is a short-term arrangement where you pay for the temporary use of a car but have no ownership rights. Joining a carpool (option c) involves sharing rides with others and doesn't relate to car ownership.