Have a professional writing assignment due in Personal Financial Management:

Purpose of the Writing Assignment - Communication is a critical component of every facet of an organizations operation. Todays information-based economy requires a growing number of employees to manage and process the information critical to the success of their organizations. Organizations communicate in many ways, one of which is in writing. It is important that your written communication conveys your thoughts so they are understood clearly, uses critical thinking and is professional. The following assignment requires that you review the Student Professional Writing Guide, critically think of the mode of communication, decide on the message, and present a well-written response as instructed. Note that you will be graded on your critical thinking process, organization and content of your written communication. A comparative analysis refers to the comparison of two or more ideas, items or theories. Writing Assignment Comparative Analysis of Buying A Car: You recently relocated to a new town for a new job. It is a smaller town and there is very little public transportation, so you will need to buy a car. Because of the location of your current job, your employer offers all employees the option of using a $3,000 stipend towards buying a car. Your salary is $55,000/year. Your net monthly income is $3,575. Your monthly bills total $2,775 which includes (student loans - $350, credit cards - $75). Also, you will have another $350 a month in expenses of having the car gas, car insurance & car maintenance. You have $2,500 in savings. Your credit score is 660. You are not sure if you should: a. Buy a new car Total price, downpayment, loan amount, monthly payment, loan term, credit score needed. b. Buy a used car Total price, downpayment, loan amount, monthly payment, loan term, credit score needed. c. Lease a new car Downpayment, mileage per year, cost for mileage overage, monthly payment, lease term, credit score needed. Car Selection Select the same car for the lease and the purchase; the used car should be the same car but 5 years old. Instructions: 1. Car Selection Select the same car for the lease and the purchase; the used car should be the same car but 5 years old. 2. To obtain the information you need, you should contact a national car dealer that sells both new and used cars (i.e. Honda, Ford, General Motors, Toyota, Infiniti, Jeep, Lexus, etc.) or you can research online. 3. Complete a thorough comparative analysis of the above three (3) car buying options. 4. Create a chart that details the 3 options. 5. Must be written in paragraphs. 1 inch margins, 12 point font, single spaced. Must be 1 to 2 pages.

6. Clearly outline your research on each of the three (3) options, give details.

7. Be sure to include Price of the car, downpayment required, loan amount, interest rate, loan term (# of years), monthly payment, mileage (for lease only), cost per mile if overage mileage (for lease only)

8. Your selection should factor in your monthly income and expenses, contribution from your employer, your credit score and other factors you think are important.

9. Clearly describe which option you are choosing and why you chose this option.

10. Clearly describe why you did not choose the other 2 options.