Problem $8-9$ Buying versus Leasing a Motor Vehicle $[$LO$8-2]$

Purchase Costs Leasing Costs

Down payment $ $2,100$ Security deposit $ $530$

Loan payment $ $800$ for $36$ months Lease payment $ $690$ for $36$ months

Estimated value at end of loan $ $4,500$ End of lease charges $ $620$

Opportunity cost interest rate $6$ percent

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Based on the costs listed in the table above, calculate the costs of buying and leasing a motor vehicle. $($Round your answers to the nearest whole number.$)$

Total purchase cost

Total leasing cost