You have two financing options from a car dealer: financing and leasing. The details are given in the table below. If your earning interest rate is 6%, which financing option is better?

Example You have two financing options from a car dealer: financing and leasing. The details are given in the table below. If your earning interest rate is 6%, which financing option is better? A$8,673.1 Finance Item Lease Months 36 Price $14.695 $14.695 Y Y Y $2,000 Down payment A $372.55 Finance 3.6% APR $2,000 Monthly payment $372.55 $236.45 Length (month Months $495 Fees $300 $300 Disposition A $236.45 $8,673.1 Purchase option at end Lease $731.45 Cash due at beginning $2.000 $731.45