(Solved): Kim is considering purchasing a 2024 Lexus RX 350 AWD for $55,000. The dealer is offering the follow ...

Kim is considering purchasing a 2024 Lexus RX 350 AWD for

. The dealer is offering the following three options to own or lease the vehicle. If she normally changes her car every four years, which option would you recommend? Why? Additional Information: Residual Value (Resale Value)

(Note: Please exclude any personal property taxation or inflation from your calculations). Option 1. Receive a

instant cash rebate from the MSRP and purchase the car outright in cash. Option 2. Finance the vehicle for 48 months at

interest with a

down payment. Option 3. Lease the vehicle for 48 months with a

monthly payment and

due at signing for fees. What is the total cost of Option 3?