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					Finance Rate   3.10% * discounting annually (PV are a bit higher than monthly)
             $
Lease Payment 231.51
Cash down $ 2,000.00


Compare Cashflows
Year       Buy             PV (buy)         Lease           PV   (lease)
         0 $ (22,800.00)    $ (22,800.00)    $ (4,778.12)    $   (4,778.12)
         1 $        -       $        -       $ (2,778.12)    $   (2,694.59)
         2 $        -       $        -       $ (2,778.12)    $   (2,613.57)
         3 $        -       $        -       $ (4,778.12)    $   (4,359.95)
         4 $        -       $        -       $ (2,778.12)    $   (2,458.76)
         5 $        -       $        -       $ (2,778.12)    $   (2,384.83)
         6 $        -       $        -       $ (4,778.12)    $   (3,978.37)
         7 $        -       $        -       $ (2,778.12)    $   (2,243.57)
         8 $        -       $        -       $ (2,778.12)    $   (2,176.11)
         9 $ 5,840.00       $ 4,436.95

Total PV                     #######                         #######

NPV                         $ 9,324.82      Benefit to buying instead of leasing
Finance Rate   3.10% * discounting annually (PV are a bit higher than monthly)
             $
Lease Payment 231.51
Cash down $ 2,000.00


Compare Cashflows
Year       Buy             PV (buy)         Lease        PV (lease)
         0 $ (22,800.00)    $ (22,800.00)    $ (4,778.12) $ (4,778.12)
         1 $        -       $        -       $ (2,778.12) $ (2,694.59)
         2 $        -       $        -       $ (2,778.12) $ (2,613.57)
         3 $        -       $        -       $ (16,128.00)$ (14,716.50) * buy out the lease
         4 $        -       $        -                    $        -
         5 $        -       $        -                    $        -
         6 $        -       $        -                    $        -
         7 $        -       $        -                    $        -
         8 $        -       $        -                    $        -
         9 $ 5,840.00       $   4,436.95    $   5,840.00 $    4,436.95

Total PV                     #######                         #######

NPV                        $ 2,002.77       Benefit to buying instead of leasing
buy out the lease
Finance Rate        3.10% * discounting annually (PV are a bit higher than monthly)
Lease Payment $    231.51
Cash down     $ 2,000.00
Car Price     $ 22,800.00
Car Loan                6 yearly
Loan Payment ($4,222.78)


Compare Cashflows
Year         Buy             PV   (buy)         Lease           PV   (lease)
           0   ($4,222.78)    $    (4,222.78)    $ (4,778.12)    $    (4,778.12)
           1   ($4,222.78)    $    (4,095.81)    $ (2,778.12)    $    (2,694.59)
           2   ($4,222.78)    $    (3,972.66)    $ (2,778.12)    $    (2,613.57)
           3   ($4,222.78)    $    (3,853.21)    $ (4,778.12)    $    (4,359.95)
           4   ($4,222.78)    $    (3,737.35)    $ (2,778.12)    $    (2,458.76)
           5   ($4,222.78)    $    (3,624.98)    $ (2,778.12)    $    (2,384.83)
           6 $        -       $          -       $ (4,778.12)    $    (3,978.37)
           7 $        -       $          -       $ (2,778.12)    $    (2,243.57)
           8 $        -       $          -       $ (2,778.12)    $    (2,176.11)
           9 $   5,840.00     $     4,436.95

Total PV                        #######                          #######

NPV                           $ 8,618.02        Benefit to buying instead of leasing

				
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