Have you ever been involved in a lease-or-buy decision at work? In your personal life? Please describe this situation and be sure to include the following information: What factors went into making the decision to lease or to buy? Was the decision made in a formal reporting format or as an informal decision? Do you think this was the best way to make the decision? If not, what would you change? Why? In hindsight, do you think that you made the right decision? Do you think that you made the cost effective decision?