Which will cost you more, leasing or buying

Reference no: EM133715756

Question: Dorothy needs to determine whether to lease or buy a car for 4 years. The purchase price is $28500 (including taxes and dealer fees). Her bank is offering the most competitive financing deal: 2% APR for a 4-year loan with 10% down payment. The dealer's 4-year lease agreement requires a monthly payment of $284 with a capitalized cost reduction of $1888 and a $472 security deposit. The mileage allowance is well beneath her annual average. The estimated value of the car at the end of 4 years is $11310. Without consideration for forgone interest, which will cost you more, leasing or buying?

Reference no: EM133715756

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Which will cost you more, leasing or buying : The estimated value of the car at the end of 4 years is $11310. Without consideration for forgone interest, which will cost you more, leasing or buying

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