1. Kristopher is purchasing a new car. The MSRP is $39,980, and he has negotiated the price down by $3,600. the dealer is also offering a cash rebate of $1,250 and has offered Kristopher a $14,500 trade in allowance for his old car.

What will be the sale price of the car?

What will be the FINAL price of Kristopher's new car? 2. Kristopher is purchasing a new car. The MSRP is $39,980, and he has negotiated the price down by $3,600. the dealer is also offering a cash rebate of $1,250 and has offered Kristopher a $14,500 trade in allowance for his old car.

Kristopher must pay 8.25% sales tax, a license fee of $75, and a title transfer fee of $40. What is the price of the car, including TT&L?

3. Kristopher qualifies for either a three-year car loan at 5.9% APR, with monthly payments of $674.30, or a five year car loan at 4.75% APR, with monthly payments of $416.37.

What is the total amount Kristopher will pay back with the 3 year loan? What is the total amount Kristopher will pay back with the 5 year loan? How much more interest will Kristopher pay for the five-year car loan than the three-year car loan?

4. Tasha purchased a new car five year ago for $21,450. She sold it this year for $8,950.

Average annual depreciation? Depreciation rate for Tasha's car?

5. Mona and her auto dealer have negotiated a price of $29,200 for a new SUV. The dealer presents Mona with two options. She can lease the SUV for $349 per month for 36 months and purchase the SUV at the end of the lease for the residual value of $19,697. Or, Mona can purcase the SUV with a down payment of $4,000 and monthly payments of $730 for 36 months .

What is the total cost of purchasing the SUV with the lease plan?

What is the total cost of purchasing the SUV with the down payment plan?

What is the difference between the two plans?

Which plan is less expensive?