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Lease vs. Purchase Example
| 2012 Honda Accord EX | |||
|---|---|---|---|
| Lease | Purchase | Purchase | |
Cost |
$25,8751 |
$26,7501,3 |
$26,7501,3 |
Residual Value |
$13,455 |
n/a |
n/a |
Term |
36 months |
36 months |
60 months |
Lease Rate |
3.99%2,4 |
n/a |
n/a |
Annual Percentage Rate |
n/a |
3.99%2 |
3.99%2 |
Monthly Payment |
$439.62 |
$815.55 |
$518.98 |
Total Payment |
$15,826.32 |
$29,359.80 |
$31,138.80 |
1. Based on purchase price quoted in November 2011.
2. APR and lease rates current as of 11/28/2011 and subject to change without notice
3. Purchase example reflects tag and title fees and 3.17% VA sales tax. NWFCU leases are not subject to sales tax in certain states.
4. The lease rate listed may not measure the overall cost of financing this lease. Ask a Leasing Representative or refer to lease documents for more information.
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