Here is the synopsis of our sample research paper on THE COST OF LEASING VS. BUYING A CAR. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 2.5 page paper compares the costs involved with leasing versus financing an automobile. The example used in this paper is the Chevy Tahoe, and discussions center around pros and cons of leasing vs. financing. Bibliography lists 3 sources.
Page Count:
2 pages (~225 words per page)
File: D0_MTleabuy.rtf
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Unformatted sample text from the term paper:
better to purchase a car outright and make payments on it until it wears out? Or is it better to lease a car, pay for the portion used, then turn
the car back in for a trade-up to a newer model? In this paper, well attempt to answer this question by comparing costs between leasing a car and buying one.
The example well use in this case is a Chevrolet Tahoe, with a down payment (or initiation fee in the case of a lease) of $3,500; with a 36-month (three
year) loan/lease agreement. Although prices on the Tahoe can vary depending on dealership, options and location, the one we chose was a
4-door model, with a 4.8 liter engine, eight cylinders and an automatic transmission (Autoweb.com, 2003). Standard features include bench seats, AM/FM stereo, CD player, cruise control, power steering, anti-lock brakes,
custom wheels and keyless entry (Autoweb.com, 2003). The manufacturers suggested retail price on this ranges from $33,506 to $36,272 (Autoweb.com, 2003).
In terms of purchasing such a car, if we were to make monthly payments on it at an interest rate of 8.5 percent, the monthly payment, according to Autoweb.com
would be approximately $924.42 a month (Autoweb.com, 2003), with other web sites offering similar results to this. Finding the estimated resale value
of the car is difficult - again, the value depends on the shape of the care and location; but the range we were able to get was between $25,000 and
$30,000 which is actually not too bad (Autoweb.com, 2003). But experts point out that a car looses 50 percent of its value in three years (Manufacturers Auto Leasing, 2003).
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