Recommendation: BUY! You'll save $24,901 in total payments over the term.<table class='pure-table' role='grid'><tr><th colspan='3' class='section'>Cost of Leasing</th></tr><tr><td>Total Payments</td><td></td><td>$45,000</td></tr><tr><td>Security deposit/leasing fee</td><td> + </td><td>$5,000</td></tr><tr><td>Down payment (capital reduction)</td><td> + </td><td>$18,000</td></tr><tr><td>Rebate</td><td> - </td><td>$0</td></tr><tr><td><b>Total cost of lease</b></td><td> = </td><td>$68,000</td></tr><tr><td>Average yearly cost of lease</td><td></td><td>$13,600</td></tr><tr><td></td><td></td><td></td></tr><tr><th colspan='3' class='section'>Cost of Purchasing</th></tr><tr><td>Purchase price</td><td></td><td>$38,000</td></tr><tr><td>Sales tax</td><td> + </td><td>$1,900</td></tr><tr><td>Other upfront costs</td><td> + </td><td>$0</td></tr><tr><td>Interest</td><td> + </td><td>$3,199</td></tr><tr><td>Rebate</td><td> - </td><td>$0</td></tr><tr><td>Market value at end of loan term</td><td> - </td><td>$0</td></tr><tr><td><b>Total cost of purchasing</b></td><td> = </td><td>$43,099</td></tr><tr><td>Average yearly cost of purchasing</td><td></td><td>$8,620</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Lease vs. Buy' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='' /></categories><dataset seriesName='Lease'><set value='68000.0' /></dataset><dataset seriesName='Buy'><set value='43099.0' /></dataset></chart>"); // --> </script>