Buying VS Lease Purchase in Atlanta
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Purchase Price $750,000 5680 Kayron Drive Sandy Springs GA 30328 |
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| Buying | VS | Lease Purchase | ||||||||||||||||||||||||||||
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In the above example doing a lease purchase for two years instead of buying, there would be approximately $55,000.00* less in down payment. If you invested that savings in a CD account at the bank at 5%* it would yield approximately $5600* in interest for two years. There is approximately $8640.00* in monthly payment savings in two years. If placed in a saving account (paying 2%*) each month would build to $8920.00*. Your savings in two years would be $14,520*. if you divided that by 24 months you lease payment now becomes $4395* per month. Or if you used your savings as additional down payment it would reduce you monthly payment by $93.10* per month saving a total of $33,516.00* over the life of the loan. Note** These figures are estimates only and may or may not reflect the actual savings and payments. The actual numbers will be available at time of purchase.
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Benefits of Buying Now 1. Build Equity as you own 2. Tax Deductions of interest paid . 3. Lock in purchase price. 4. Tax Deductions for property taxes paid.
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Benefits of Lease Purchase Now 1. Build almost the Same Equity as you do when you own. 2. Reduced Down Payment 3. Reduced Monthly Costs. 4. Lock in Purchase Price. 5. Possible Reduced Credit Requirements 6. No Bank Qualifying
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Purchase Price $899,800 3 Angus Trail Sandy Springs GA 30328 |
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| Buying | VS | Lease Purchase | ||||||||||||||||||||||||||||
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In the above example doing a lease purchase for two years instead of buying, there would be approximately $63,000.00* less in down payment. If you invested that savings in a CD account at the bank at 5%* it would yield approximately $6600* in interest for two years. There is approximately $11376.00* in monthly payment savings in two years. If placed in a saving account (paying 2%*) each month would build to $11,700*. Your total savings in two years would be $18,300*. if you divided that by 24 months you lease payment now becomes $4475* per month. Or if you used your savings as additional down payment it would reduce you monthly payment by $93.10* per month saving a total of $42,580.00* over the life of the loan. |
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Purchase Price $729,800 5770 Garber Drive Sandy Springs GA 30328 |
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Note ** This numbers are used for illustrations only, final amounts may change based on credit history and amount of down-payment |
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