We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. More Information . Definitions Purchase price Total purchase price. Down payment Amount paid as a down payment, which for leases is often called a capital reduction. Sales tax rate Percentage sales tax to be charged on this purchase.
Sales tax is included in each lease payment.
Sales tax for buying is charged on the total sale amount. Investment rate of return Rate of return on investments. This is the return that you would make if you were to invest your down payment or security deposit instead of using it in your purchase or lease. Term in months Term in months for your lease or your loan. Any fee, other than a capital reduction or down payment, required to be paid at the close of the lease or loan.