A) | |
Total cost of buying the car | Amount ( $ ) |
Car Price | 19800.00 |
GST @ 12% | 2376 |
Total | 22176.00 |
Interest cost for 5 years @ 8.5% p.a. | 9424.8 |
Total cost of buying the car | 31600.80 |
B) | |
Total Cost of Owning the car if She Lease First | |
Lease rent for 3 Years @ 6.5% of 22176 | 4324.32 |
Purchase Cost at the end of 3 years @ 43 % of 22176 | 9535.68 |
Total | 13860 |
Interest cost for 2 years @ 8.5 % p.a. | 1621.07 |
Total Cost of Owning the car if She Lease First | 15481.07 |
C) Benefit of Leasing the Car | |
Total cost of buying the car | 31600.80 |
Total Cost of Owning the car if She Lease First | 15481.07 |
Benefit of leasing the Car | 16119.73 |
Applied 40S Buy or Lease Assighment Tara wants to drive a small economy car priced at...
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...
Riah wants to buy a car that costs R125 000. The deposit is R29 00 .the bank charges a once off fee of R1 140; added to the loan amount before the interest is calculated at 9;75% coumpoud per year. The administration fee is R57 per month 1. What is the total amount of the loan that Riah has to get from the bank??? 2. Write down the amonth of her monthly payment if it is R2 052; 01 plus...
Riah wants to buy a car that costs R125 000. The deposit is R29 00 .the bank charges a once off fee of R1 140; added to the loan amount before the interest is calculated at 9;75% coumpoud per year. The administration fee is R57 per month 1. What is the total amount of the loan that Riah has to get from the bank??? 2. Write down the amonth of her monthly payment if it is R2 052; 01 plus...
Kate and Ken are in the market for a vacation place. They find a small but pleasant condo in Orlando listed at $478,000. They decide that now is not the right time to buy and that they will wait five years. The condos in Orlando appreciated each year at 2.5%, and they want to know what a similar condo will sell for in five years. Please help them and find it out. (3 points) Terry would like to make a...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...