Mathematics

Dennis Ray

7 April, 09:37

Alicia Hanover can lease a sedan for $454.95 a month for 48 months. She must pay a $250.00 deposit, a $75.00 title fee, and a $120.00 license fee. After 48 months, the sedan will be worth $4,117.00. Alternately, she can purchase the vehicle for $478.96 a month for 48 months plus a $978.00 down payment and the same title and license fees. What should she offer to the leasing company to buy her car at the end of the lease to get the same total cost as buying?

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