Based on the costs listed in the table, calculate the costs of buying and leasing a motor vehicle.

 

Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate $ $ $ 1,950 690 for 36 months 5,100 5 percent Leasing Costs Security deposit Lease payment End of lease charges $1,210 $ 550 for 36 months $1,150