Bird French
08/28/2023 · Junior High School
i. a. What is the total cost for buying and for leasing a motor vehicle with a cash price of \( \$ 28,350 \) ? b. Based on your answers in part a, would you recommend buying or leasing? Complete this question by entering your answers in the tabs below.
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- Total Cost of Buying: \( \$ 30,051 \)
- Total Cost of Leasing: \( \$ 14,600 \)
- Recommendation: Leasing is better for minimizing upfront costs, while buying is better for building equity and long-term ownership.
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