5-1 Milestone Two: Long-Term Personal Financial Goalssouther

5-1 Milestone Two: Long-Term Personal Financial GoalsSouthern New Hampshire University FIN 250 Personal Financial Planning 09:10:51 GMT -05:00I am choosing to look at the difference between purchasing and leasing a car because that will be the next decision we would have to face. I am fairly confident that we are in our “forever home,” but a car purchase will indeed be in our future. Personally, I have never liked the leasing option. I guess I can see it if you like to get a new car every two to three years, want to always have a warranty, and just want a low monthly payment. I’ve always been one who lived by“drive it till the wheels fall off.” I ran through the worksheet six times trying to see if leasing would ever be close to buying. The scenario I was looking at was a 2024 Hyundai Palisade (the car my wife wants). Hyundai is offering a special interest rate of 3.49% for up to 48 months. I used this, along with a higher interest rate of 7% because not everyone will qualify for the special rate. For each of these, I used three different numbers for the market