Rent versus buy home. Use Worksheet. Klawz Bear is married to Lizzy Bear and they are currently seeking to purchase an Austin Martin automobile. Its MSRP is approximately $316,000 which has a 715 bhp engine, carbon fiber Aeroblade II air sills to optimize aerodynamics and manage turbulence. The sales tax rate is 6% for purchases. The residual value of the car if purchased in and turned it in after only 3 years is $60,000. The down payment for purchasing will be $24,000 and an interest rate for purchasing for 5% for 3 years. For leasing, the down payment will be $24,000 and the security deposit to be $4,000 that they will take out of their cheding account that has a 3% interest rate. The Dealer will finance the LEASE for 3 years and the lease payment will be $9,200. Closed Lease so no payment for market value adjustment. This is a **Remember BLUE CELLS are what you "key in" - be careful to not delete formulas