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It sputtered and squeaked and with a small hesitation followed by an abbreviated lunge, it was finally over: Ol Reliable, the car Jarnie Lee 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 later, it was time for a new vehicle. After skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was teady to visit car dealers to see what vehicles would interest her. She was unsure if she would purchase a car brand new, used, finance with o down payment, or lease. "No money down and only $219 a month," Jamie Lee read, "with approved credit" Sounded like an offer she would be interested in. Jamie Lee knew she had a good credit rating as she made sure she pald all of her bills on time each month, and kept a close eye on her. credit score ever since she was the victim of identity theft several years ago. The more she thought about the brand new cac, the more excited she became. That new car fit her personality perfectly! As Jamie Lee inquired about the advertised vehiclo with the new car salesperson, her excitement quickly fumed to dismay. The automobile advertised was avalable for $219 a month with no money down, based on approved credit, but Jamie Lee unexpectedly found that there were further qualifications in order to get the advertised price. The salesman explained that the information in the fine. print of the newspaper advertisement stated that the price was based on all of the following criteria: being active in the military, a college graduate within the last three months, a current lessee of the automobile compony, and having o top tier credit score. which he noted was above 800 . If Jame Lee did not meet all of the qualfications, she would not cecelve the price advertised in the promotion But, he noted, he could get her in that vehicle, but it would cost her an additionol $110 per month. Two hundred and soventy five dollars was the maximum Jamie budgeted for a monthly payment. This vehicle was outside of her financial plan Jamie Lee had to stort over from scratch. She decided that she must fully research the vehicle purchase process before browsing at another dealership. She felt she was getang caught up in the moment and vowed to do her research before speaking with another salesperson. Complete the table below to compare the costs of buying and leasing a vehicle. Each answer must have a value for the assigniment to be complete. Enter " 0 " for any unused cotegones. See Addendum B for the necessary data 2017 Nissan Versa Sedan PURCHASE COSTS 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 Opportunity cost of down payment Down payment Number of years of financing/ownership Interest rate funds could earn Total opportunity cost of down payment Less. Estimated value of vehicle at end of loan term/ownership Total cost to buy LEASE COSTS Security deposit Monthly lease payment Interest rate funds could earn Total opportunity cost of down payment Less. Estimated value of vehicle at end of loan term/ownership Total cost to buy LEASE COSTS Security deposit Monthly lease payment Number of months to lease Total of lease payments 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) Total cost to lease Addendum B - Used with PFP 36 Buying vs. Leasing Motor Vehicle and with PFP 37 Comparing Cash and Credit Prices Jamie Lee has been doing research on which is the best choice for getting a new 2016 Nissan Versa Sedan. Use the information below and PFP 36 - Buying vs. Leasing Motor Vehicle and PFP 37 - Comparing Cash and Credit Prices to compare and see which is the better idea, buying or leasing. Research for Nissan Versa Sedan 2016 4 speed automatic "Air conditioning "Bluetooth(i) Hands-free Phone System Research for Nissan Versa Sedan 2016 "4 speed automatic "Air conditioning "Bluetooth ( Hands-free - Jamie Lee intends to use the car for at least five years before selling or trading it for a small SUV. - Note that there is a $500 rebate offer for cash purchase. - The tax is calculated using the Total cost of vehicle. It sputtered and squeaked and with a small hesitation followed by an abbreviated lunge, it was finally over: Ol Reliable, the car Jarnie Lee 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 later, it was time for a new vehicle. After skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was teady to visit car dealers to see what vehicles would interest her. She was unsure if she would purchase a car brand new, used, finance with o down payment, or lease. "No money down and only $219 a month," Jamie Lee read, "with approved credit" Sounded like an offer she would be interested in. Jamie Lee knew she had a good credit rating as she made sure she pald all of her bills on time each month, and kept a close eye on her. credit score ever since she was the victim of identity theft several years ago. The more she thought about the brand new cac, the more excited she became. That new car fit her personality perfectly! As Jamie Lee inquired about the advertised vehiclo with the new car salesperson, her excitement quickly fumed to dismay. The automobile advertised was avalable for $219 a month with no money down, based on approved credit, but Jamie Lee unexpectedly found that there were further qualifications in order to get the advertised price. The salesman explained that the information in the fine. print of the newspaper advertisement stated that the price was based on all of the following criteria: being active in the military, a college graduate within the last three months, a current lessee of the automobile compony, and having o top tier credit score. which he noted was above 800 . If Jame Lee did not meet all of the qualfications, she would not cecelve the price advertised in the promotion But, he noted, he could get her in that vehicle, but it would cost her an additionol $110 per month. Two hundred and soventy five dollars was the maximum Jamie budgeted for a monthly payment. This vehicle was outside of her financial plan Jamie Lee had to stort over from scratch. She decided that she must fully research the vehicle purchase process before browsing at another dealership. She felt she was getang caught up in the moment and vowed to do her research before speaking with another salesperson. Complete the table below to compare the costs of buying and leasing a vehicle. Each answer must have a value for the assigniment to be complete. Enter " 0 " for any unused cotegones. See Addendum B for the necessary data 2017 Nissan Versa Sedan PURCHASE COSTS 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 Opportunity cost of down payment Down payment Number of years of financing/ownership Interest rate funds could earn Total opportunity cost of down payment Less. Estimated value of vehicle at end of loan term/ownership Total cost to buy LEASE COSTS Security deposit Monthly lease payment Interest rate funds could earn Total opportunity cost of down payment Less. Estimated value of vehicle at end of loan term/ownership Total cost to buy LEASE COSTS Security deposit Monthly lease payment Number of months to lease Total of lease payments 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) Total cost to lease Addendum B - Used with PFP 36 Buying vs. Leasing Motor Vehicle and with PFP 37 Comparing Cash and Credit Prices Jamie Lee has been doing research on which is the best choice for getting a new 2016 Nissan Versa Sedan. Use the information below and PFP 36 - Buying vs. Leasing Motor Vehicle and PFP 37 - Comparing Cash and Credit Prices to compare and see which is the better idea, buying or leasing. Research for Nissan Versa Sedan 2016 4 speed automatic "Air conditioning "Bluetooth(i) Hands-free Phone System Research for Nissan Versa Sedan 2016 "4 speed automatic "Air conditioning "Bluetooth ( Hands-free - Jamie Lee intends to use the car for at least five years before selling or trading it for a small SUV. - Note that there is a $500 rebate offer for cash purchase. - The tax is calculated using the Total cost of vehicle

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