1. List the make, model, and year the car was made (Pick a new vehicle that has been made in each of the last 4 years): SE Laza lake Toyot car 2018 2. Look up the approximate value of your car on Kelly blue book. Look up what the car would cost new and what the car would cost 3 years old from a private party. For the new car write down the average MSRP and for the used car write down the value for "good condition"? price used 30 MSRP vonue did 3. What would be the total cost of your purchase excluding tax and fees be for the following payment methods options? 1:34.000 341 New car with Cash (same as #2): icoo 3-year-old car with Cash (same as # 2): 15,000- For loans and leases go to 15,000-170.00 http://www.bankrate.com/calculators/mortgages/loan-calculator.aspx Type in 72 months and 4% interest (prime loans) and 10% (sub-prime loans) for the loan terms and 36 months and 6% for the lease terms. 6-year New Car loan (Prime Loan): 6-year New Car loan (Sub-Prime Loan): 3-year lease (Subtract MSRP of new from the value of the 3-year-old used car you looked up and use that amount in the loan calculator at 6% for 3 years): 4. How much does your car cost to operate? (Gas, Maintenance, and Registration) Cars MPG: Gas Cost per year: (15000 miles/MPG*Cost per Gallon) = Electric costs are harder to calculate, but if you research how many kwh it takes to drive 100 miles, the average price per kwh in Calfornia is approximately .295 cents, just (150*cost per kwh to drive 100 miles*.295) = (Go to https://www.dmv.ca.gov/portal/dmv/detail/portal/feecalculatorweb to answer the following question, base your number on the new car purchase) Registration cost per year: Sales tax on purchase (multiply purchase price by .0725): 5. What is the total 5-year cost of the car? (Add payment, gas maintenance, registration, and insurance.) Go to offe 20 http://www.kbb.com/new-cars/total-cost-of-ownership/?r=813666480127722000 Total 5-year Cost: