| Instructions: You may find information about leasing or purchasing an auto from one of these sites. |
| www.carpoint.msn.com www.autogiant.com www.carsdirect.com www.driveoff.com www.leaseguide.com www.carinfo.com www.leasespy.com |
| Input variables | |
| General information: | |
Employee or self-employed (1 or 2)
Monthly payments in year 1
Marginal tax rate
Sales/Use tax
Qualified business use %
Discount rate | 2
12
39%
7.05%
80%
8% |
| Purchase information: | |
Purchase price, before sales/use taxes
Downpayment
Interest rate, if financed
Number of monthly loan payments | $37,730
$250
8.15%
60 |
| Lease information: | |
Number of monthly payments
Fair market value
Monthly payment, before sales/use tax
Downpayment
Residual value/Trade-in allowance
Lease termination fee | 60
$37,730
$ 609.67
$250
$10,326.25
$350 |
