Lease or Buy

I. Lease Assumptions Refundable Security Deposit First Month's Payment at Inception Other initial costs, if any Monthly Lease Payment For Remaining Term Last Month Payment in Advance? Allowable Annual Mileage - If not applicable, enter "0" Estimated Annual Miles to Be Driven, If not applicable, enter "0" Per Mile Charge for Excess Miles

Type "Yes" or "No"

II. Buy Assumptions Retail Price including sales taxes, title, etc. Down Payment (If paying cash, down payment equals Retail Price) Loan Interest Rate Will Interest Be Deductible Business or Home Equity Interest Resale Value at End of Term - This may equal the lease option price Is the gross loaded wait of the vehicle over 6,000 lbs? The answer is typically yes for large vans, pickups and large sports utility vehicles.

Type "Yes" or "No" Type "Yes" or "No"

III. Common Assumptions Total Lease/Loan Term - 24, 36, 48 or 60 months Discount Percent Tax Bracket - combined federal and state Business Use Percentage

Lease Assumptions

Type "Yes" or "No"

Buy Assumptions

Type "Yes" or "No" Type "Yes" or "No"

Common Assumptions

The IRS Maximum Annual Depreciation for an Automobile Correct Months Amount 24 0 7,960 0 3,060 0 4,900 0 Months Months Months 36 48 60 10,910 12,690 14,460 3,060 3,060 3,060 4,900 4,900 4,900 2,950 2,950 2,950 1,775 1,775 1,775

PV OF IRS DEPRECIATION LIMIT Year 1 Year 2 Year 3 Year 4 Year 5

0 PV OF DEPRECIATION Year 1 - 1/2 year Year 2 Year 3 Year 4 Year 5 Year 6 - 1/2 year 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0.2000 0.3200 0.1920 0.1152 0.1152 0.0576 1.0000