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Compare the pv of cost of buy vs pv of cost of lease

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Reference no: EM133266879

Buy vs Lease Car

Buy: Price= $20,000. 5% Sales Tax

Lease: Pay 36 installments to dealer ($750 per month). Purchase at end of lease term at $8000.

Whether buy or lease, you expect to sell at end of year 7 for $5000.

Money Market rate =5%

Tax rate= 20%

Do: Compare the PV of Cost of Buy vs PV of Cost of Lease

Reference no: EM133266879

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