1. Economic Analysis Lease or Buy an Automobile Group 2 OrganizersDaniel Abdel-Masih, Timothy Krisatia TechiesVinh Tran, Timothy Krisatia SummarizersMark Tomooka, Timothy Krisatia

2. Analysis Premise Based on sound economic theory and various non-economic factors, should an individual buy a car or choose to lease one?

3. Analysis Parameters Male, 25 Years of Age Straight out of college with a B.S. Salary of $55,000 Lives in the Greater Los Angeles Area Unmarried

4. Vehicle of Analysis Honda Accord V6 EX –Good entry level car –Reliable –High resale value –Comfortable

5. Cost Choice Options Lease 3 Year closed end lease Service plan included in lease Buy 3 Year fixed APR loan Service plan purchased additionally

6. Plan of Action Contact local Honda dealerships for pricing and options Contact local banks for loan/financing options Contact insurance companies for pricing quotes Discuss with piers personal preferences and pro/cons