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To lease the car then purchase at the end of the five - year lease. The purchase price is $ 1 9 , 8 9
To lease the car then purchase at the end of the fiveyear lease. The purchase price is $ The sales tax rate is The interest rate for leasing the car is The monthly lease payment, including the sales tax, is $ The residual value of the vehicle at the end of the lease term is $ Initial amount due at signing: First monthly payment. Based on the information above, calculate the following; aInitial payment due at signing. b Total of all monthly payments. c Residual cost at conclusion of lease. This is what you pay if you decide to purchase the vehicle, so it will include sales tax. d Total cost if you lease then purchase at the end of the fiveyear lease.
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