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QUESTION
A different buy-or-lease alternativeyou could buy a home for $300,000, putting 20% down and renting it out at $1,700 a month. Which would make more
A different buy-or-lease alternative—you could buy a home for $300,000, putting 20% down and renting it out at $1,700 a month. Which would make more financial sense? Buying or leasing the home? Why?
investigate the realistic assumptions for your location (St. Petersburg, FL) and include the information you found in the analysis, including the following:
- Initial information/approach: purchase price, rebate, down payment, amount to finance, etc.
- Payments formulas and calculations
- financial factors that you are employing in the selected decisions
- Conclusion containing the "best decision" for your personal life on the basis of these financial factors
- Probability of following the recommended "best decision" (assuming that these are the only decision options)
