1. feb
  2. oneil_ex4

oneil_ex4


Related
TOPICS
    Uncategorized Article
Exhibit 4: Lease or Buy–Input Range
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

RESOURCES

Keeping you informed and prepared amid the coronavirus outbreak

We’re gathering the latest news stories along with relevant columns, tips, podcasts, and videos on this page, along with curated items from our archives to help with uncertainty and disruption.

VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.