please do step 5 and 6 with the information for the f 150 from the first picture
2020, Ford F-150 crew cap King ranch: Trade in Value (old vehicle): Equals net difference: Document preparation and related fees: Total before tax, tag, and title: Add taxes: Add tag, title, related fees (assumed $ 46): Equals total "drive- out" price: Plus payoff on trade-in: Equals amount to be financed: $ 52,526 $7,832 $ 44,694 $ 798 $ 45,492 $ 3184 $ 46 $ 48,722 $ 3916 $ 52,638 Show your calculation of the price based on the information given to you in STEP FOUR of the project. (An example is shown below.) EXAMPLE: New car price (from CarsDirect or other source) $21,899 Subtract Trade-in value (old vehicle) $ 3,000 Equals Net Difference $18,899 Add Document Preparation and Related Fees $ 798 Equals Total Before Tax, Tag, and Title $19,697 Add Taxes (use 7% rate: In this case: 19,697 X 0.07 - $1,379) $ 1,379 Add Tag, Title, and Related Fees (assumed to be $46) $ 46 Equals total "Drive-out" price (not including trade-in payoft) $21,122 Plus payoff on trade-in (assume y of trade-in value is the payoff) $ 1,500 Equals Amount to be Financed (assume no down payment beyond trade-in value) $22,622 STEP 5. Interest Rates List the Current Interest Rates for New Vehicle Purchase for 48, 60, and 72 months. (Example below uses 4.48%, 4.51%, and 5.01% as the rates. Your rates may differ.) STEP 6. Calculate the payments. Example: Based on "amount to be financed." (Use the current rates you found in Step 5 in your project, not the ones below.) Payments Current rate +1% +2% +3% 4.48% 515.66 5.48% 525.90 6.48% 536.27 48 months 7.48% 546.76 4.51% 421.85 5.51% 432.21 6.51% 442.73 7.51% 453.41 60 months 5.01% 364.43 6.01% 375.02 7.01% 385.79 8.01% 396.75 72 months 2020, Ford F-150 crew cap King ranch: Trade in Value (old vehicle): Equals net difference: Document preparation and related fees: Total before tax, tag, and title: Add taxes: Add tag, title, related fees (assumed $ 46): Equals total "drive- out" price: Plus payoff on trade-in: Equals amount to be financed: $ 52,526 $7,832 $ 44,694 $ 798 $ 45,492 $ 3184 $ 46 $ 48,722 $ 3916 $ 52,638 Show your calculation of the price based on the information given to you in STEP FOUR of the project. (An example is shown below.) EXAMPLE: New car price (from CarsDirect or other source) $21,899 Subtract Trade-in value (old vehicle) $ 3,000 Equals Net Difference $18,899 Add Document Preparation and Related Fees $ 798 Equals Total Before Tax, Tag, and Title $19,697 Add Taxes (use 7% rate: In this case: 19,697 X 0.07 - $1,379) $ 1,379 Add Tag, Title, and Related Fees (assumed to be $46) $ 46 Equals total "Drive-out" price (not including trade-in payoft) $21,122 Plus payoff on trade-in (assume y of trade-in value is the payoff) $ 1,500 Equals Amount to be Financed (assume no down payment beyond trade-in value) $22,622 STEP 5. Interest Rates List the Current Interest Rates for New Vehicle Purchase for 48, 60, and 72 months. (Example below uses 4.48%, 4.51%, and 5.01% as the rates. Your rates may differ.) STEP 6. Calculate the payments. Example: Based on "amount to be financed." (Use the current rates you found in Step 5 in your project, not the ones below.) Payments Current rate +1% +2% +3% 4.48% 515.66 5.48% 525.90 6.48% 536.27 48 months 7.48% 546.76 4.51% 421.85 5.51% 432.21 6.51% 442.73 7.51% 453.41 60 months 5.01% 364.43 6.01% 375.02 7.01% 385.79 8.01% 396.75 72 months
