Use the following data:

Purchase Costs	Leasing Costs
Down payment: $6,000	Security deposit: $2,000
Loan payment: $300 for 48 months	Lease payment: $300 for 48 months
Estimated value at end of loan: $5,500	End-of-lease charges: $825
Opportunity cost interest rate: 2 percent per year

Calculate the costs of buying versus leasing a motor vehicle.