You want to buy a new car. You want to be environmentally conscious and get a hybrid vehicle, but you know they cost more. The question then becomes, “Is it worth the extra money at the time of purchase?” You need to do a financial comparison of the costs associated with each type of vehicle and write a short report following the guidelines below.

Guidelines:

To make comparisons more equal, find a vehicle that offers a gas model and a hybrid model. For example, the Toyota Highlander comes in both versions.

• Assume you plan to purchase a new vehicle, not used.
• Use the website Kelley Blue Book, www.kbb.com, to estimate vehicle prices.
• You have $8000 to use as a down payment for this vehicle.
• You plan to keep it for 10 years (that does not mean that your loan is going to be for 10 years...)

Requirements:

Type your response as a Word document (you may type on this document if you would like to).

1. Include an opening that explains your situation.
2. Follow with your body of evidence (tables, formulas, charts, calculations, explanation, images, etc.) outlining the financial situation for each vehicle. You are encouraged to think of all the different factors that may affect your decision and include them in your body of evidence.
3. End with a conclusion summarizing your findings and decision.
4. Please provide enough details so that anyone reading your response can understand what you did.
5. Upload your completed Word document to the assignment submission.