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If a car cost $35,000, would it be better to purchase or lease it?? S $ Copy . Format Painter B 1 u-B-| C-A- board
If a car cost $35,000, would it be better to purchase or lease it??
S $ Copy . Format Painter B 1 u-B-| C-A- board Merge & Center. Merge & Center B 1 uB-O-A- ID Alignment Font F G H B C D 9 WORKSHEET Worksheet for the Lease versus Purchase Decision Cost of Purchasing a. Agreed-upon purchase price b. Down payment c. Total loan payments (monthly loan payment xno. months) d. Opportunity cost of down payment [line b x (1+ foregone rate of return (humoer o years e. Less: Expected market value of the car ar the end of the loarn f. Total cost of purchasing SO Cost of Leasing g. Down payment (capitalized cost reduction)+ security deposit h. Total lease payments (monthly lease payment x-no months) i. Opportunity cost of total initial payment [line g x (1 foregone rate of return mumiber of yearshy j. Any end-of-lease charges (e.g., excess mileage), if applicable k. Less: Refund of security deposit L Total cost of leasing SO $0 Step by Step Solution
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