When deciding to lease or Purchase a Vehicle (A) All Current Monthly Expenditures should be taken into Consideration.
What is meant by Lease?
A lease is a contractual arrangement for the user to pay the owner for the use of an asset. Vehicles, Property, and buildings are common assets that are leased. Industrial or business equipment is also leased. So basically, a lease agreement is a contract between two groups or parties: the lessor and the lessee.
What is meant by Purchasing?
To obtain something by paying money or its equivalent.
What is meant by Expenditure?
An expenditure is money spent on something (It can be anything). Expenditure is usually used when people are talking about budgets
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