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What vehicle are you buying? Describe your vehicle or include a printed picture of you vehicle. 2. Cost of your vehicle: Research the MSRP
What vehicle are you buying? Describe your vehicle or include a printed picture of you vehicle. 2. Cost of your vehicle: Research the MSRP on the vehicle that you would like to buy and complete the table below: Car Sale Price Destination Charge Documentation Fee Registration Fee Title Fee License Plate Fee Public Safety Fee Air Quality research Fee Subtotal Sales Tax (rate of 6.3%) + 995 + 250 + 8 + 4 + 12 + 32 +1.50 Total Price 3. Financing: You have decided to put a down payment of 10% of the MSRP of your vehicle. Then, your bank offers you a 5-year loan at 6.25% interest. a. What is your monthly payment? b. What will you pay for your car over the lifetime of the loan? c. What was your finance charge for the loan? 4. Gas: The average gas price in Arizona is $3.49/gallon. Research the fuel efficiency (miles per gallon) of your vehicle and answer the following questions: a. What is the fule efficiency of your vehicle?
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