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Buy vs. Lease |
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Make & Model: |
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LEASE |
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BUY |
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Suggested retail price |
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Suggested retail price |
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Tax, title, etc. |
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Tax, title, etc. |
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Refundable security deposit |
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First month's payment |
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Capital cost reduction payment |
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Down payment |
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Last month payment in advance? |
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Payment (if yes) |
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Selling price at end of lease |
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Resale value |
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Monthly lease payment |
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Monthly loan payment |
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Lease term |
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Term of loan |
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Discount for present value |
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Loan rate |
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Future value of last payment |
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Present value of resale |
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Initial costs |
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Initial costs |
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Financing costs |
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Financing costs |
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Present value of refund |
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Present value of total costs |
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Present value of total costs |
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DIFFERENCE |
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Note: Positive value
favors leasing. |
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TAXATION |
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Tax bracket |
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Business use percentage |
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Sales tax percentage |
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TAXATION |
LEASE |
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TAXATION |
BUY |
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Title |
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Title |
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Fees |
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Fees |
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Sales tax |
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Sales tax |
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Potential financing deduction |
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Interest deduction |
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Total potential deductions |
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Total potential deductions |
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Potential tax savings |
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Potential tax savings |
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Note: Depreciation
deductions may be available that could change the results of this analysis. |
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