Why do person choose to buy on lease?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter19: Lease Financing
Section: Chapter Questions
Problem 6MC: The lessee compares the present value of owning the equipment with the present value of leasing it....
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Why do person choose to buy on lease?

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Step 1: Definition

Lease:

Lease refers to a contract that outlines the terms under which one agrees to rent his or her property to another

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