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Pricing Calculator Finance (60 month) $13,995 Lease (60 month) $13,995 Cash $13,995 Pricing details Selected Savings and Offers Selected Accessories - $750 $0.00 Monthly Payment

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Pricing Calculator Finance (60 month) $13,995 Lease (60 month) $13,995 Cash $13,995 Pricing details Selected Savings and Offers Selected Accessories - $750 $0.00 Monthly Payment $276.92 - $750 $0.00 Monthly Payment $218.75 Lease end value $4.618.35 - $750 $0.00 Cash Price $13,245 Joanne is going away to university. She has saved up some money from part-time jobs and plans to buy or lease a new vehicle. She has found a compact car that she likes and is trying to decide whether she should lease or buy. The chart above contains the information she has for a 60-month term, taken from the dealership's website. What is the total price for each option? What are the advantages and disadvantages of each option? If you were Joanne, which option would you choose and why

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