Case #1: Leasing vs. Buying_(10 marks) Based on the following data: a) Prepare a financial comparison of buying and leasing a motor vehicle with a $30,000 cash price. Down payment (to finance vehicle), $5,000 Down payment for lease, $1,500 Borrowing cost is 12% Monthly loan payment, $610 Monthly lease payment, $505 Length of loan, 48 months Length of lease, 48 months Value of vehicle at end of loan, $8,300 End-of-lease charges, $450 b) What other factors should a person consider when choosing between buying or leasing? c) Is leasing better than buying