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L3 Decision Support - Comparing Buy Verses Lease Offers Buy...

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Comparing Buy Verses Lease Offers Buy Purchase Price of Vehicle 20667 Fees 20 Promotions 3000 $17,687 Sales Tax Rate 6% Sales tax on Full purchase price $1,292 Real Cost to Buy $18,979 Interest Rate 7% Lease Payments Due 1 1 = 1st of month, 0 = End of month Term 36 Number of months Monthly Lease Payment 369 $12,020 Lease Fee 75 Down Payment at signing 0 Cost of Lease Payments and Fees $12,095 Terminal Value Residual value at end of lease 11941 Tax at end of lease 746 Fees 20 Nomical costs to purchase at end of lease 12707 Present value of costs to purchase at lease end $10,306 Real Cost to Lease $22,402 Difference (extra cost)/savings by leasing ($3,423) Sensitivity Analysis Lease Down Payment ($3,423) 0 1000 2000 3000 se Payment Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Err:522 Enter most favorable interest rate at which you could finance the car
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