Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A rubric for the marking of the assignment is on the last page Find a car, SUV and a truck. At least one of them

A rubric for the marking of the assignment is on the last page
Find a car, SUV and a truck. At least one of them has to be an EV car. You may choose new or used vehicles.
The vehicles must be from three different manufacturers, but you can choose which three (Toyota, Honda, Lexus, Mercedes, BMW, Lotus, Hyundai, Ford, GM, Stellantis etc.)
Example Toyota Supra
For each vehicle, you need to
List the base model price - $60,724.50
List the base price for the model you are going to buy $72,214.50
You must add 3 options to the car - list the 3 options and how much they cost each.
A91-MT Edition - $1,630
Renaissance Red 2.0
ECP Platinum Plan Service Agreement $2,519
Use their finance calculator on their website.
List the total cost of the car including the options
List the freight cost -$1,860.00
List the cost for taxes -$9,714.77
List the final total cost -$84,443,77
What are the finance rates for leasing vs financing?
Lease -60 months -7.49%- $287.75 weekly
Finance -72 months -6.69%$657.88 bi-weekly payments
How do the rates change if you change the duration of the loan?
What is the total cost for the vehicle by the end of the life of your loan? 94,734.72
How much interest did you pay on the vehicle by the end of the loan? 94734.72-84443.77=10,290.95
What is the payment per month or bi-weekly payment?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rich Dads Increase Your Financial IQ Get Smarter With Your Money

Authors: Robert T. Kiyosaki

1st Edition

1612680658, 978-1612680651

More Books

Students also viewed these Finance questions

Question

A 300N F 30% d 2 m Answered: 1 week ago

Answered: 1 week ago

Question

Evaluate the importance of the employee handbook.

Answered: 1 week ago

Question

Discuss the steps in the progressive discipline approach.

Answered: 1 week ago