Академический Документы
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Alexandria billiet
Part 1: What type of car will meet your needs? Take into account all the things you
may need to use your car for?
Will you need to haul anything with your car?
no
yes
?
no
?
?
Part 2: Create a list of at least 6 cars that meet your needs based on the above
requirements
2010 ford focus
2000 ford focus
2010 ford escape
2011chevy hhr
2006
pontiac g6
Part 3: Research the reliability of the cars on your list. You may want to consider
using Consumer Reports for this.
Car
Engine
2010 ford
focus
2.0 L 4cylinder
2010 ford
escape
2.5 L 4cylinder,
3.0 L V6
4.0 L 6cylinder,
4.7 L V8
2.2 L 4cylinder,
2.4 L 4cylinder
2004 jeep
cherokee
2011
chevy hhr
Automa
tic/
Manual
Auto
35
freewa
y
28 free
way
7.9
Extras
(Heated
Seats Etc.)
none
8.0
none
Auto
21 free
way
7.9
none
auto
32 free
way
7.9
none
auto
Fuel
Safety
Overall
2006
pontiac g6
2.4 L 4cylinder,
3.5 L V6,
3.9 L V6
auto
34
freewa
y
7.9
none
Part 4: Find at least 3 cars listed locally that meet your needs.
Make
ford
Model
focus
Year
2010
Price
3999
ford
escape
2010
4598
chevy
hhr
2011
4900
Features
Blue, tan
interior
Blue,
black
interior
Silver, tan
interior
Contact Info.
586-879-8099
586-978-7854
586-448-7958
Part 5: Look up the value of each of the three cars you found. Use kbb.com for this.
You must factor in Year, Make, Model, Features, Mileage, and Location to find the
price.
Car 1
6,319
Car 2
6,420
Car 3
6,239
Part 6: Find at least three places where you could secure a loan for one car on your
list. You may want to consider banks and credit unions to find the best deal.
Institution 1: ussa bank
Institution 2: bank of America
Institution 3: chase
Part 7: Find, Print, and Complete a Car Loan Application
*** Do NOT include your Social Security # ***MAKE ONE UP!!!!
http://www.hondafinancialservices.com/static/pdf/LEASE_LOAN_APPLICATION_10201
4.PDF
Example additional fill-able example under assignment document
Part 8: Determine what your loan will actually cost. You should come up with the
monthly payment and determine the amount of principle and interest over the life
of the loan.
http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full
2
Plates:
Insurance:
Total: __8120___________
____
Now multiply that number by how many time a year you will
need your oil changed.
Total yearly charge:
$ 160
$660
3) What would the cost of 2 new tires for your car be?
100$
Site where you found this:
https://www.pepboys.com/tires/
Part 11: Complete the following chart
One Time Cost
Monthly
Registration: 122$
Loan: $8120
Taxes:
Plates:
Down Payment:
Other:
Weekly
Gas around $60
Repairs
Find at least 3 cost
of repairs for our
vehicle
Insurance:
Part 12: Research and present the cost of buying a car directly from the dealership
BRAND NEW!! What is the benefit of buying a car brand new vs. used. Look in to
the price of that car for a lease option and present the cost of leasing vs. buying
brand new. What is the benefit of leasing? What are the drawbacks? Out of the 3
options, buying used, buying brand new, and leasing, when would each purchase be
required in someones life? What is the best option for you now? What is the best
option for you later on in life? Why? Benefits- having a car for a select amount of
time. Drawbacks- paying every month, only being able to have a certain amount of
miles on the car, its not yours. The best option for me right now is buying a used
car. Later in life-probably leasing would be the best idea.