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Finance and Leasing
Question Description
Obtain two quotes from an auto dealer. One should be a purchase price, The other the leasing terms. Assume you are purchasing this car for your company and they will keep the car for 5 years. Analyze which method is less expensive. Are there any other considerations in your choice. Automobiles are in the 5 years MACRS class. You may examine more than one salvage value. The dealer may suggest a salvage value.
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