Long Term Financing and Leasing

The Assignment instructions are listed below. Please have the assignment completed by 15 May. Use 2 references for the assignment and 200+ words. If anything additional is needed. Please let me know.This week, we cover long term finance and leasing. Most, if not all, of you, either own or lease a vehicle. Please answer the following questions as completely as possible.If you own, did you consider leasing? If yes, why did you choose a purchase over a lease?If you lease, why did you go with a lease? List the specific advantages you feel you gained by leasing.If you were to advise a classmate on buying vs leasing, what would be the key factors that you would like them to consider?