Question: Ben is considering purchasing a 2 0 2 4 Toyota Tundra SR 5 for $ 3 9 , 9 6 5 . The dealer is

Ben is considering purchasing a

2024

Toyota Tundra SR

5

for $

39, 965 .

The dealer is offering the following three options to own or lease the vehicle. If he plans to change his car every three years, which option would you reccommend? Why?

Additional Information:

Residual Value

(

Resale Value

) =

19, 120

Note: Exclude any personal property taxation and inflaction to your calculations.

Ben is considering purchasing a 2024 Toyota Tundra SR 5 for

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