Question: Discuss 4 factors to consider when making a decision between leasing and buying a car with a personal loan. Assume that you decide to buy

Discuss 4 factors to consider when making a decision between leasing and buying a car with a personal loan.

Assume that you decide to buy a car obtaining a bank loan. Aside from the interest rate what 2 factors will have the largest impact on the size of your monthly loan payments?

PART (a) 4 marks Discuss four (4) factors to consider when making a decision between leasing and buying a car with a personal loan. PART (b) 4 Marks List and discuss the advantages (2) and disadvantages (2) of leasing a car. Solution PART (c) 4 Marks Assume that you decide to purchase the new car by obtaining a bank loan. Aside from the interest rate, what 2 factors will have the largest impact on the size of your monthly loan payments

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