Based on the following information should you buy or lease, Ask an Expert

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Based on the following information, should you buy or lease this car?Links to an external site.

Lease Information

Initial Security Deposit and Downpayment (combined) is $3,000

Assume the lease is for 48 months and the payment is $400

Assume your interest rate on savings is 0%

You have 12,000 miles a year allowance

You expect to drive 48,000 total miles over the term of the lease

Buy Information

The car's price is $25,000

Sales tax is 10%

Your down payment is $5,000

Assume a 48-month loan at 7%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92852101

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