1. What are some basic purchasing guidelines that the Hudsons should consider when choosing which new car to buy or lease? How can they find the information they need? The input in the box below will not be graded, but may be reviewed and considered by your instructor. 2. How would you advise the Hudsons to research the lease-versus-purchase decision before visiting the dealer? What are the advantages and disadvantages of each alternative? The input in the box below will not be graded, but may be reviewed and considered by your instructor. 3. Assume that the Hudsons can get the following terms on a lease or a bank loan for the car, which they could buy for $18,000. This amount includes tax, title, and license fees. he Hudsons can currently earn interest of 2 percent annually on their savings. They expect to drive about the same number of miles per year as they do now. a. Use the format given in Worksheet 5.1 to determine which deal is best for the Hudsons. Round the answers to the nearest cent. Total cost of leasing: Total cost of purchasing: \$ b. What other costs and terms of the lease option might affect their decision? The input in the box below will not be graded, but may be reviewed and considered by your instructor. c. Based on the available information, should the Hudsons lease or purchase the car? -Select- Why? The input in the box below will not be graded, but may be reviewed and considered by your instructor