B D 1. Assessing Your Possible If you are considering the purchase of compare the purchase versus the optic or lease a new car, use the information site to obtain a quote). If you cannot o versus lease decision. Assume that yo Option 1: Purchase a car with $2,000 3%. You would borrow the remaining n would be $450 per month. You believe Option 2: Lease the car with a $1,000+ $300 per month over 48 months. (HINT: If you run the analysis properly total cost of leasing by about $680 but Cost of Purchasing the Car Down payment Interest rate Number of months Forgone interest on down payment Monthly payment on car loan Total monthly payments Total Expected amount to be received when car is sold Total cost of purchasing Cost of Leasing the Car Security deposit Forgone interest Monthly lease payment Total monthly payments Total cost of leasing Index Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chi B D 1. Assessing Your Possible If you are considering the purchase of compare the purchase versus the optic or lease a new car, use the information site to obtain a quote). If you cannot o versus lease decision. Assume that yo Option 1: Purchase a car with $2,000 3%. You would borrow the remaining n would be $450 per month. You believe Option 2: Lease the car with a $1,000+ $300 per month over 48 months. (HINT: If you run the analysis properly total cost of leasing by about $680 but Cost of Purchasing the Car Down payment Interest rate Number of months Forgone interest on down payment Monthly payment on car loan Total monthly payments Total Expected amount to be received when car is sold Total cost of purchasing Cost of Leasing the Car Security deposit Forgone interest Monthly lease payment Total monthly payments Total cost of leasing Index Chapter 1 Chapter 2 Chapter 3 Chapter 4 Chi