th 88.496 5 /7 TVIULUCTU WOTKDOOK Module 10 - Topic 2 2. Use this worksheet to estimate the cost of owning and operating a vehicle. (Example:) Your sample vehicle DO NOT USE $25,000 ($25,000) 30,000 A. Vehicle Initial Cost ($ 750) B. Titling Tax (39) C. Down Payment ($ 3,000) D. Amount financed ($22,750) (Dx.12) E. Finance Charge ($ 2,730) Based on 5% interest for 5 years. Total interest paid will be a TOTAL of 12% of amount financed. (D+E) F. Total to be repaid ($ 25,480) ($ 5,096) (F divided by 5) G. Payments per year Total to be repaid divided by 5 years. (length of loan) ($ 1200) H. Insurance per year Liability insurance rates for teens is usually between $900-$1600. I. Registration & tags ($ 75) License plates are approximately $30 per year (more if special plate). County tags are approximately $20 per year