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Buying a car project

By: bernhard mcclain

Vehicle 1

Model: Dodege Charger SXT Year: 2016 Price of Vehicle: $ 22,499 Tax: $ 4,347 Down payment: (%): 10% Down payment ($) : 2,250 APR: 9.87% Length of loan: 60/m Monthly car payment: 411/m Insurance:184/m Annual cost : 2,284.36

Weekly mileage: 426 MPG:19 Monthly cost:2,500

Vehicle 1

# of oil changes: 5 Cost per oil changes: $89 Annual oil changes expense: $151 #of tire rotation needed:0 Cost per tire rotation: $48 Annual tire rotation: $100 Unexpected repairs: $ 265 State fees: $577 State inspection: $167 Vehicle registration: $306 Monthly cost of having a car: Car payment: $411/m Insurance: $184/m Gas: 482/m Upkeep: 8.34/m Unexpected Repairs: 206/m State fees: 477/m Total monthly cost: $ 6,770

Vehicle 2

Model: Lexus LS 460 Stdrd Year: 2013 Price of Vehicle: $24,990 Tax: $2,445 Downpayment (%): 10% Downpayment ($): 2,499 APR: 9.89% length of loan: 60/m Monthly car payment: $457/m Insurance: $278/m Annual cost: $6,447 Weekly mileage: 345 MPG: 17-19 Monthly cost: $163/m # of oil changes 8 Cost per oil changes: $234 Annual oil changes expense: $217 # of tire rotation: 5 Cost per tire rotation: $56 Annual tire rotation: $376 Unexpected Repair: $468

Vehicle 2

State fees: $2,121 State inspection: $208 Vehicle registration: never Monthly cost of having car: Car payment: $457/m Insurance: $1,958 Gas: 422/m Upkeep: 9/m Total monthly cost: $ 2,250

V1

After research the total monthly cost of each vehicle that I own. The vehicle I would chose is Dodege charger SXT. Because it is cheaper, and car payment will be less than the second car. The insurance cost and the total monthly cost would be less. And I think buying this vehicle is a good offer, that why I will buy vehicle 1.

Topic

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