Question
You are considering purchasing a 2022 RX Hybrid for $46,720. The Lexus dealer is offering the following three options to own or lease the vehicle:
You are considering purchasing a 2022 RX Hybrid for $46,720. The Lexus dealer is offering the following three options to own or lease the vehicle:
Option 1. Receive a $3,500 rebate on the price of the car and finance the balance over 5 years at 3.2% interest.
Option 2. Finance the vehicle for 60 months at 0 % interest.
Option 3. Lease the vehicle for 36 months with $529 monthly payment and $3,999 due at signing.
- Considering Option 3, what other factors should you consider? Provide at least 3 advantages and 3 disadvantages associated with this decision considering total cost of the car, residual value of the car etc.
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The Business Of Finance
Authors: Withers Hartley 1867 1950
1st Edition
1313069299, 9781313069298
