Based upon acquiring equity or wealth, purchasing a car is to purchasing a home as leasing a car is to a. improving a house. b. repairing a house. c. buying a condominium. d. joining a cooperative. e. renting an apartment.

Question

Business

Damon Jimenez

19 June, 17:34

Based upon acquiring equity or wealth, purchasing a car is to purchasing a home as leasing a car is to a. improving a house. b. repairing a house. c. buying a condominium. d. joining a cooperative. e. renting an apartment.

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Answers (1)

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Lilliana Riggs · Answer 1

Option (E) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option (E) because of the following reasons:

Purchasing a car means to buy a car so that the owner of the car is the purchaser. Leasing a car means to give a car to another person on lease for a fixed time duration in return of which he will pay you but the owner of the car is still purchaser.

Similarly purchasing a house is to own the house by making full payment of it but renting an apartment means to take home on rent by giving rent every month or at a fixed period but the owner of the house still remains the purchaser.

While the options are wrong because of the following reasons:

Improving a house can be defined as to make a home more luxurious. Repairing a house can be defined as renovation work in the house. Buying of condominium tells the concept to buy another property. Joining a cooperative has no connection with buying a house.