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 $500 $500 $125 $600 Type "Yes" or "No" No 15,000 20,000 $0.10 Buy Assumptions $34,997 $4,000 8.75% Type "Yes" or "No" Yes Type "Yes" or "No" Yes

Common Assumptions 36 8.75% 33.00% 100.00%

The IRS Maximum Annual Depreciation for an Automobile Correct Months Amount 24 0 7,570 10,060 3,060 0 4,900 0 Months Months Months 36 48 60 10,060 11,440 12,710 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

10,060 PV OF DEPRECIATION Year 1 - 1/2 year Year 2 Year 3 Year 4 Year 5 Year 6 - 1/2 year 0 22,980 0 0 17,300 6,999 11,199 22,980 6,999 11,199 6,719 26,110 6,999 11,199 6,719 4,032 29,000 6,999 11,199 6,719 4,032 4,032 2,016 34,997

22,980

0.2000 0.3200 0.1920 0.1152 0.1152 0.0576 1.0000