Answer
The given statement is False. The correct statement is,“One disadvantage of leasing a car is that there are penalties for ending the lease early.”
Work Step by Step
Leasing is a practice of paying the money to the owner of the product in order to use the product for the specified time. In the nutshell, it is the long-term rental agreement.
If the lease ends early due to any circumstances, then penalties are must be pay off by the guilty side unless otherwise agreed by both the party in the contract. The penalties are duly mentioned in the lease agreement.
Hence, the given statement is false.The correct statement is,“One disadvantage of leasing a car is that there are penalties for ending the lease early.”
