1. Lexus LS 460L TEAM 3 MEMBERS : Adrian Escalera Andrew Robertson James Snell

2. The Situation:  Leasing v. Buying a Car  Shared Qualities of Scenarios: Car: Lexus LS 460L ○ Fully Loaded Time span: 5 Years 15k miles per year

3. Assumptions  Buying Car Sell car at the end of loan MSRP is negotiable Full purchase tax is added to loan  Leasing Car Trade car in at the end of lease  For Both Maintenance Costs will be roughly the same Will need to purchase insurance

4. Variables Purchase Down Payment Terms of Financing Term of Purchase Salvage/Sale Value Lease Term of Lease MARR Re-leasing New Car With Same Initial MSRP

5. Research Resources:  Internet  Visiting Dealerships  Family Members  Library Research Resource Center