Question: Kim is purchasing a $ 2 5 , 0 0 0 vehicle. There are two options to pay for the vehicle: financing a 0 %

Kim is purchasing a $25,000 vehicle. There are two options to pay for the vehicle: financing a 0% loan for 48 months or a 4 year lease with a down payment of $5,000 and payments of $500 per month.
If Kim wants to choose the option with the lower total cost over the life of the vehicle, which should Kim choose?
Select the correct answer below:
Loan
Lease
Kim is purchasing a $25,000 vehicle. There are two options to

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