Instructions: Read the case studies below. Compare and contrast the costs and benefits of leasing/renting vs. owning for the person in each case. After analyzing each case, evaluate and explain what you feel is the best
decision for each individual. Be sure to include the justification for your decision in your explanation.
Name: Date:
Case 1: Jackson is a recent college graduate who just got his first job. He commutes approximately 35 minutes each way
to his new workplace. Jackson does not have a lot of money saved and makes a modest salary. He plans on moving up in
the company to a higher paying position in the next few years and will likely upgrade to a better car as a testament to his
success. Should he buy or lease a new car?
Case 2: Carlos has a high-paying job at a software development firm. He has enjoyed living in the same area for many
years, which is close to family and friends. He has accumulated a moderate amount of savings over the past three years.
Some of Carlos’ favorite pastimes include woodworking and home improvement projects. Should he buy or lease tools for
his pastimes?
Case 3: Mia earns a generous salary as a professor of veterinary medicine. She is usually busy and spends very little time
at home. Due to a recent grant opportunity, she will move to a larger university that is located several hours away, but her
granted is only guaranteed for two years at that university. Should she buy or lease a home?