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PURCHASE COSIS Total vehicle costs Down payment (or full amount if paying cash) Monthly loan payment Number of months in the term of the loan Total of loan payments $16,200.00 Opportunity cost of down payment (or total cost of the vehicle if bought for cash) Down payment Number of years of financinglownership Interest rate funds could earn Total opportunity cost of down payment $1,585.44 Less: Estimated value of vehicle at end of loan term/ownership Total cost to buy $18,505,44 LEASE COSTS Security deposit Monthly lease payment Number of months to lease Total Opportunity cost of security deposit Security deposit Number of years Interest rate funds could earn Total opportunity cost of security deposit s. 0.00 LEASE COSTS Security deposit Monthly lease payment Number of months to lease Total Opportunity cost of security deposit Security deposit Number of years Interest rate funds could earn Total opportunity cost of security deposit End-of-lease charges (if applicable, such as charges for extra mileage) \begin{tabular}{r} $325.00 \\ \hline325 \\ \hline \end{tabular} Total cost to lease Complete the table below to compare the costs of buying and leasing a vehicle. Each answer must have a value for the assignment to be complete. Enter " 0 " for any unused categories. See below for the necessary data. Research for Nissan Versa Sedan 2016 4 speed automatic - Air conditioning "Bluetooth" hands-free phone svstem Estimated value of car at end of loan $5,300 www.nissanusa.com - Jamie Lee intends to use the car for at least five years before seling or trading it for a small SUV. - Note that there is a $400 rebate offer for cash purchase. - The tax is calculated using the Total cost of vehicle. ontinuing Case 36. Buying or Leasing a Motor Vehicle puttered and squeaked and with a small hesitation followed by an abbreviated lunge, it was finally over: Or' Reliable, the car Jamie had driven since she first earned her driver's license at the age of 17, completed its last mile. Thirteen years and 140,000 miles er, it was time for a new vehicle. er skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was ready to visit car dealers to see what hicles would interest her, She was unsure if she would purchase a car brand new, used, finance with a down payment, or lease. "No oney down and only $232 a month," Jamie Lee read, "with approved credit" Sounded like an offer she would be interested in. Jamie e knew she had a good credit rating as she made sure she paid all of her bills on time each month, and kept a close eye on her edit score ever since she was the victim of identity theft several years ago. The more she thought about the brand new car, the more cited she became. That new car fit her personality perfectly! Jamie Lee inquired about the advertised vehicle with the new car salesperson, her excitement quickly turned to dismay. The tomobile advertised was avallable for $232 a month with no money down, based on approved credit, but Jamie Lee unexpectedly und that there were further qualifications in order to get the advertised price. The salesman explained that the information in the fine int of the newspaper advertisement stated that the price was based on all of the following eriteria: being active in the military, a llege graduate within the last three months, a current lessee of the automobile company, ond having a top tier credit score, which he ted was above 800 . If Jamie Lee did not meet all of the qualifications, she would not receive the price advertised in the promotion. t, he noted, he could get her in that vehicle, but it would cost her an additional $120 per month. Two hundred and seventy-five pllars was the maximum Jamie budgeted for a monthly payment. This vehicle was outside of her financial plan. imie Lee had to start over from scratch. She decided that she must fully research the vehicle purchase process before browsing at other dealership. She felt she was getting caught up in the moment and vowed to do her research before speaking with another lesperson. omplete the table below to compare the costs of buying and leasing a vehicle. Each answer must have a value for the assignment to complete. Enter " 0 " for anv unused catecorles. See below for the necessary data. PURCHASE COSIS Total vehicle costs Down payment (or full amount if paying cash) Monthly loan payment Number of months in the term of the loan Total of loan payments $16,200.00 Opportunity cost of down payment (or total cost of the vehicle if bought for cash) Down payment Number of years of financinglownership Interest rate funds could earn Total opportunity cost of down payment $1,585.44 Less: Estimated value of vehicle at end of loan term/ownership Total cost to buy $18,505,44 LEASE COSTS Security deposit Monthly lease payment Number of months to lease Total Opportunity cost of security deposit Security deposit Number of years Interest rate funds could earn Total opportunity cost of security deposit s. 0.00 LEASE COSTS Security deposit Monthly lease payment Number of months to lease Total Opportunity cost of security deposit Security deposit Number of years Interest rate funds could earn Total opportunity cost of security deposit End-of-lease charges (if applicable, such as charges for extra mileage) \begin{tabular}{r} $325.00 \\ \hline325 \\ \hline \end{tabular} Total cost to lease Complete the table below to compare the costs of buying and leasing a vehicle. Each answer must have a value for the assignment to be complete. Enter " 0 " for any unused categories. See below for the necessary data. Research for Nissan Versa Sedan 2016 4 speed automatic - Air conditioning "Bluetooth" hands-free phone svstem Estimated value of car at end of loan $5,300 www.nissanusa.com - Jamie Lee intends to use the car for at least five years before seling or trading it for a small SUV. - Note that there is a $400 rebate offer for cash purchase. - The tax is calculated using the Total cost of vehicle. ontinuing Case 36. Buying or Leasing a Motor Vehicle puttered and squeaked and with a small hesitation followed by an abbreviated lunge, it was finally over: Or' Reliable, the car Jamie had driven since she first earned her driver's license at the age of 17, completed its last mile. Thirteen years and 140,000 miles er, it was time for a new vehicle. er skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was ready to visit car dealers to see what hicles would interest her, She was unsure if she would purchase a car brand new, used, finance with a down payment, or lease. "No oney down and only $232 a month," Jamie Lee read, "with approved credit" Sounded like an offer she would be interested in. Jamie e knew she had a good credit rating as she made sure she paid all of her bills on time each month, and kept a close eye on her edit score ever since she was the victim of identity theft several years ago. The more she thought about the brand new car, the more cited she became. That new car fit her personality perfectly! Jamie Lee inquired about the advertised vehicle with the new car salesperson, her excitement quickly turned to dismay. The tomobile advertised was avallable for $232 a month with no money down, based on approved credit, but Jamie Lee unexpectedly und that there were further qualifications in order to get the advertised price. The salesman explained that the information in the fine int of the newspaper advertisement stated that the price was based on all of the following eriteria: being active in the military, a llege graduate within the last three months, a current lessee of the automobile company, ond having a top tier credit score, which he ted was above 800 . If Jamie Lee did not meet all of the qualifications, she would not receive the price advertised in the promotion. t, he noted, he could get her in that vehicle, but it would cost her an additional $120 per month. Two hundred and seventy-five pllars was the maximum Jamie budgeted for a monthly payment. This vehicle was outside of her financial plan. imie Lee had to start over from scratch. She decided that she must fully research the vehicle purchase process before browsing at other dealership. She felt she was getting caught up in the moment and vowed to do her research before speaking with another lesperson. omplete the table below to compare the costs of buying and leasing a vehicle. Each answer must have a value for the assignment to complete. Enter " 0 " for anv unused catecorles. See below for the necessary data

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