Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle with a $24,000 cash price:

Down payment (to finance vehicle), $4,000 Down payment for lease, $1,200 Monthly loan payment, $560 Monthly lease payment, $440 Length of loan, 48 months Length of lease, 48 months Value of vehicle at end of loan, $7,200 End-of-lease charges, $600 What other factors should a person consider when choosing between buying and leasing? (Obj. 2)