Lease vs. Purchase Example
| 2007 Lexus ES 350 | |||
|---|---|---|---|
|
Lease |
Purchase |
|
Cost |
$36,116.00 |
$37,239.00 |
$37,239.00 |
Residual Value |
$20,375.00 |
n/a |
n/a |
Term |
36 months |
36 months |
60 months |
Lease Rate |
5.25% APR |
n/a |
n/a |
Interest Rate |
n/a |
5.25% APR |
5.25% APR |
Monthly Payment |
$579.82 |
$1,120.20 |
$706.98 |
Total Payment |
$20,873.52 |
$40,327.20 |
$42,418.80 |
- Assumes purchase price quoted in December 2006.
- Annual Percentage Rate (APR) current as of December 1, 2006 and subject to change without notice.
- Purchase example reflects tag and title fees and 3% VA sales tax (assuming member resides in VA). NWFCU leases are not subject to sales tax.
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