Determine whether to lease or buy car

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Reference no: EM131571064

A $30,000 car, 5-year loan at 7% with monthly payments and a $3000 down payment. The available lease is for 3 years and requires a $550 per month payment with a $1000 security deposit and $1000 other upfront costs.

Determine whether to lease or buy the car?

Reference no: EM131571064

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