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Leasing vs Buying

Presentation for Personal Finance
by

Dominique Fields

on 19 April 2010

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Transcript of Leasing vs Buying

Leasing vs Buying an Automobile By: Dominique Fields and Mckenzie Noel Outline - Leasing a vehicle
- Buying a vehicle
- Cost Comparasion
- Some Other Things
to Know Leasing a Vehicle Buying a Vehicle Cost Comparasion What is a lease? Note: Leasing is not the same as renting. What are some benefits? What are some drawbacks? What are some benefits? What are some drawbacks? or New Car Ownership - First Year (3 year loan @ 6%) Down Payment $3,000
Monthly Payment $7,296
Insurance $1,140
Maintance & Repairs $100
DMV Fees $300


Total New Car Lease - First Year (3 year lease @ 6%) Down Payment $1,000
Monthly Payment $4,200
Insurance $1,380
Maintenance & Repairs $100
DMV Fees $300


Total $6,680 $11,536 According to Edmunds.com How does a lease work? What are some options of leasing? How is buying different from leasing? Questions? Some Other Things to Know What is Gap Coverage? Is it better to lease or buy?
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