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TopicIQuestion #1 - Choose any vehicle from any dealer (new or used) That you would like to purchase. Based upon the purchase price, you are
TopicIQuestion #1 - Choose any vehicle from any dealer (new or used) That you would like to purchase. Based upon the purchase price, you are to calculate the monthly payments over a 5 yr period (you may shorten the amortization provide justification). Then calculate the amount of interest that you will pay over the length of the loan. If you choose a zero % APR you must research and discuss the pros and cons of taking this offer and why a dealership might advertise/offer this. Otherwise, you may choose an appropriate interest rate provide justification of this rate. Are there any other costs that you might consider when purchasing this vehicle? After completing the calculations and analysis, discuss if you feel your chosen car would be 'worth it\"? Why or why not? Please show all your work and provide a link to the vehicle. *** please note amortization must be appropriate - you wouldn't be able to amortize a 2011 Honda for 7years ***
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