I just need part 2, the sections without the checkmarks. thank you!

5. The lease versus purchase analysis - Part 2 Which is better to lease or to buy? A car buyer has two financing alternatives to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice. How should a lease versus-purchase analysis be conducted? How can this worksheet be applied to help you or someone else make their financing decision? Consider the following scenario: Should Shen lease or purchase? Shen is considering the purchase of a Porsche Boxster and has negotiated a final price of $48,100. He's trying to decide whether to Jeate or purchase the vehicle . If he leases, he'l have to pay $500 security deposit, a capital cost reduction (down payment) equal to 10% of the vehicle's cost, and monthly payments of $652 over the four year term of the closed end lease. The Porsche will have a residual value of $19,240 . On the other hand, If he buys the Porsche, he'll have to make a 10% down payment, pay sales tax equal to % of the vehicle's price, and make monthly payments of $977 on a four-year loan that charpes 4% Interest, Be aware that funds used as down payments and security deposits incur an opportunity cost of 4%, as they could have earned interest for Shen over the period of the lease or loan Use the automobile lease-versus-purchase analysis worksheet that follows to determine the total cost of both the lease and the purchase strategy for Shen. To complete the worksheet, enter the appropriate values in their corresponding blanks. (Note: Round each value to the nearest whole dollar) LEASE Amount (s) 1a 1b Ic 2 Item Description Initial Payment Capital Cost Reduction Security Deposit Total fnitial Payment Number of Months in Lease Monthly Lease Payment Total Payments over Lease Term Opportunity cost of Initial Payment Estimated End-of-Term Charges Total Cost of Leasing 1 4 5 6 0.00 7 Amount ($) 8 PURCHASE Item Description Purchase Price 9 Down Payment 10 Sales Tax on Purchase Monthly Loan Payment Total Payments over Term of Loan 13. Opportunity Cost of Down Payment Estimated Vehicle Value at End of loan 15 Total Cost of Purchase 11 12 14 Based on this analysis, Shen should: Use the loan to purchase the Porsche, because its total cost is less than the total cost of a lease transaction Use the lease to purchase the Porsche, because its total cost is greater than the total cost of a purchase transaction Use the lease to purchase the Porsche, because its total cost is less than the total cost of a loan transaction, 4. The lease versus purchase analysis - Part 1 Which is better to lease or to buy? A car buyer has two financing alternatives: to lease or to purchase. Each has operational as well as financial advantages and disadvantages. Therefore, it is critical that you be able to compare them for yourself and make your own decision. Remember, a dealer will recommend the strategy that is most advantageous to him or her. You must protect your own interests. Read each statement that follows and indicate whether it identifies an advantage or disadvantage of a lease or a purchase transaction to acquire a new or previously owned vehicle. More Closely Associated with a Statement Lease Transaction Purchase Transaction Generally requires lower monthly pay ents and allows you to get more car for your money No early termination or excess wear and damage fees FC Points: 1/1 How should you decide whether to buy or to lease a vehicle? Check all that apply. Accept the financing alternative suggested by your friends. Use a lease-versus-purchase worksheet to identify and compare the total costs of leasing and purchasing and select the method that minimizes both your total cash outlay and your opportunity costs. Relate the advantages and disadvantages of leasing and purchasing to your personal situation and decide which financing alternative is better for you at the current time. Accept the financing alternative suggested by the dealer. Points