Tim needs a new car while he attends college in the United States for the next three years. The car he would like has an MSRP of 15 dollars comma 000 A local dealer can get him a three-year loan with a 7% interest rate if Tim can make a 1 dollars comma 500 down payment. The same dealer offers the same car for lease with a money factor of 0.00271 and a residual value of 75% The lease requires an additional fee of 1 dollars comma 250 to cover Tim's security deposit and the acquisition and documentation fees for the car. Tim is looking to drive the car home with the smallest monthly payment. Which of these statements is true?