Amanda Forsythe of Tampa,

Amanda Forsythe of Tampa,

Amanda Forsythe of Tampa, Florida, must decide whether to buy or lease a car she has selected. She has negotiated a purchase price of $24,700 and could borrow the money to buy from her credit union by putting $3000 down and paying $515 per month for 48 months at 6.5 percent APR. Alternatively, she could lease the car for 48 months at $310 per month by paying aWorksheet from page 2321. monthly lease payment (36 payments of $375, for example) $13,5002. Plus acquisition fee* (if any)Plus disposition charge* (if any)Plus estimate of excess mileage charges* (if any)Plus projected residual value of the vehicle3. amount for which you are responsible under the lease4. Less the adjusted capitalized cost (gross capitalized cost* less the capitalized cost reductions*)5. Dollar cost of leasing to be compared with a finance charge if you purchased the vehicle

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