You are the manager of a dry cleaning business.Your company is considering purchasing a new van for deliveries to your customers. The delivery van you currently have is on its last legs.

Do a cost-benefit analysis of purchasing or leasing a delivery van.Using your weekly readings and lessons as well as sources from the internet, researchthe average costs of purchasing versus leasing a delivery van.

Consider the following:

• Insurance
• Average yearly maintenance
• Mileage considerations (mileage cap for leasing)
• Tax considerations
• Loan and Lease fees (at minimum averages)