Option 1: Bryn Mawr Car dealership is offering to lease a car for $325 per month with an initial downpayment of $2500. Option 2: Rosemont Cars is offering to lease a car for $275 per month with an initial downpayment of $3500.

Jamie is planning to lease the car for 24 months. Which statement below is true?

1. Rosemont Cars lease is the better value for Jamie for the 24 month lease.
2. Bryn Mawr Cars lease is the better value for Jamie for the 24 month lease.
3. Jamie will spend the same amount on both leases for the 24 month
4. There is not enough information to determine which dealership offers the better deal.