Question: 1. When the Steeles decide to replace the family car, what factors should they consider when deciding whether to purchase a new or a used

1. When the Steeles decide to replace the family car, what factors should they consider when deciding whether to purchase a new or a used car?
2. Why are the monthly lease payments typically lower than the monthly loan payments on a comparable car? How would leasing affect the Steeles’ financial plans?
3. What factors should the Steeles take into consideration when weighing the lease/buy decision?

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