Question
LEASE FACTS: Down Payment $ 1,500.00 Lease Term 36 Months Lease Payments $ 189.00 Per Month Buy Out Price - End of Lease $ 12,000.00
LEASE FACTS:
Down Payment $ 1,500.00
Lease Term 36 Months
Lease Payments $ 189.00 Per Month
Buy Out Price - End of Lease $ 12,000.00
Market Loan Rate 8%
Sales Tax 6.75%
Title Fee $ 15.00
Your Highes Credit Card Rate 15.00%
Outright Purchase of Car (Before tax and title) $17,000.00
Assume further that you take advantage of the opportunity to pay off credit card debt with the monthly lease savings. What is the NPV of the lease?
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Dividend Growth Investing Machine
Authors: Andrew P.C.
1st Edition
1521728461, 978-1521728468
