Use the following data: Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of loan a. What is the total cost for buying and for leasing a motor vehicle with a cash price of $35,400? Buying Leasing Total Cost O Buying Leasing $ 6,000 $ 840 48 months $ 11, 200 Down payment for lease Monthly lease payment Length of lease End-of-lease charges b. Based on your answers in part a, would you recommend buying or leasing? $ 2,200 $ 640 48 months $ 1,100

Use the following data: a. What is the total cost for buying and for leasing a motor vehicle with a cash price of $35,400 ? b. Based on your answers in part a, would you recommend buying or leasing? Buying Leasing