Question: Down payment ( to finance vehicle ) $ 4 , 0 0 0 Down payment for lease$ 1 , 2 0 0 Monthly loan payment$

Down payment (to finance vehicle)$ 4,000Down payment for lease$ 1,200Monthly loan payment$ 560Monthly lease payment$ 440Length of loan48monthsLength of lease48monthsValue of vehicle at end of loan$ 7,200End-of-lease charges$ 600
What is the total cost for buying and for leasing a motor vehicle with a cash price of $24,000?
Based on your answers in part a, would you recommend buying or leasing?

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