Daniel was offered two options for a car he was purchasing:

Lease option

Pay lease amounts of $$500$ at the beginning of every month for $5$ years. At the the end of $5$ years, purchase the car for $$14,500.$

Buy option

Purchase the car immediately for $$21,000.$

Which option should he choose if money is worth $7\mathrm{.}40\%$ compounded monthly?