Business, 07.03.2020 02:15 gabbie63

Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle with a $24,000 cash price:

Down payment (to finance vehicle) $4,000

Down payment for lease $1,200

Monthly loan payment $560

Monthly lease payment $440

Length of loan – 48 months

Length of lease - 48 months

Value of vehicle at end of loan $7,200

End-of-lease charges $600

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Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle wi...