The advantage of leasing a car over purchasing a car is:
You are not responsible for any maintenance or repair on the vehicle.
There are no advantages, it’s always better to purchase a car.
Your monthly payment will get you into a better car because you primarily pay for depreciation.
You have more equity leasing compared to renting,
Johnny buys a new Dodge Challenger RT. He negotiates a final, out-the-door price was $35,467.
He gets a loan from LaRusso Motors for 6 years at 1.9% interest. He puts 10% down. Gas is currently $2.99/ gallon for the Premium Gas needed in the car.
How much total interest will Johnny pay once he his done paying off the car?
(Use a positive number, Round to the nearest dollar)
