8-9 Buying versus Leasing a Motor Vehicle [LO8-2] Purchase Costs Down payment $ 1,700 Loan payment $ 620 for 36 months Estimated value at end of loan $ 4,600 Opportunity cost interest rate 4 percent Leasing Costs Security deposit $ 1,180 Lease payment $ 530 for 36 months End of lease charges $ 740 Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle