WORKSHEET Worksheet for the Lease versus Purchase Decision Cost of Purchasing a Vehicle $32,835 $6,567 $26,268 a. Agreed-upon purchase price b. Down payment c. Total loan payments (monthly loan payment x number of months) d. Opportunity cost of down payment (opportunity cost rate x number of years x line b] e. Less: Expected market value of the car ar the end of the loan f. Total cost of purchasing $12,805 $20,030 Cost of Leasing a Vehicle g. Down payment (capitalized cost reduction) + security deposit h. Total lease payments (monthly lease payment x number of months) i. Opportunity cost of total initial payment Copportunity cost rate x number of years x line g] j. Any end-of-lease charges (e.g., excess mileage), if applicable k. Less: Refund of security deposit 1. Total cost of leasing 11 $0 WORKSHEET Worksheet for the Lease versus Purchase Decision Cost of Purchasing a Vehicle $32,835 $6,567 $26,268 a. Agreed-upon purchase price b. Down payment c. Total loan payments (monthly loan payment x number of months) d. Opportunity cost of down payment (opportunity cost rate x number of years x line b] e. Less: Expected market value of the car ar the end of the loan f. Total cost of purchasing $12,805 $20,030 Cost of Leasing a Vehicle g. Down payment (capitalized cost reduction) + security deposit h. Total lease payments (monthly lease payment x number of months) i. Opportunity cost of total initial payment Copportunity cost rate x number of years x line g] j. Any end-of-lease charges (e.g., excess mileage), if applicable k. Less: Refund of security deposit 1. Total cost of leasing 11 $0