Buying a Car

Andris Lindsay; Period 7

Find a Car:

Used 2012 BMW X5 xDrive35i

Exterior Alpine White,

Interior Tobacco,
Panoramic roof
360 degree camera view
with backup camera,
parking camera and
sensors
Bluetooth and 10 speakers

Price: $27,776

Car Review
Overall Rating: 4.5/5

Safety: 4/5
Reliability: 3.5/5
Fuel Economy: 19 mpg
city/highway
Power & Performance: 4/5
Comfort & Convenience: 4/5

Gasoline
Premium Recommended, not
required
Annual Miles per Driver: 6,783
Cost of gas per gallon: $2.45
Yearly cost of gas: about $874.65

Maintenance
About $100 for an oil change.
Maintenance is about $1,100 per year

True Cost of Car

Current Value: $27,776.00

Year 1: $22,498.56
Year 2: $19,165.44
Year 3: $16,110.08
Year 4: $13,610.24
At Year 5 it is worth $11,110.40

Tires, Brakes, Alignment

Brakes cost $221
Tires: $608 ($152 each)
+

$75 alignment

Insurance
Annually $1,250 for insurance for an 18 year old.

Research
Book Value
$57,041
Invoice Price
$57,890

Base Price

MSRP

$53,036
$62,345

Sticker Price

$27,776

Monthly Payment
Loan I:
Interest Rate: 4%
Sales Tax: 9%
Length in Years: 6

Monthly Payment
continued
Loan II:
Interest Rate: 4%
Sales Tax: 9%
Length in Years: 4

Monthly Payment
continued
Loan III:
Interest Rate: 4%
Sales Tax: 9%
Length in Years: 3

Total for a Month of Owning the Car

Monthly payment + monthly gas + insurance + parking fees =
$683.60

$72.89

$104.17 + $20

$880.66

Works Cited

https://www.kbb.com/cars-for-sale/444692803/?totalresults=86&index=6&atcmake=bmw&atc
model=x5&searchtype=new%7cused&zipcode=&color=white&distance=75&s=kbbrank&nr=25
&tab=keydetails
http://www.chicagoautoplace.com/vehicle-details/used-2012-bmw-x5-35i-premium---low-milesnavi-parking-cams-pano-xenons-bensenville-il-id-16090025
https://www.edmunds.com/bmw/x5/2012/consumer-reviews/
https://www.fueleconomy.gov/feg/bymake/BMW2012.shtml
https://www.edmunds.com/fuel-economy/to-save-money-on-gas-stop-buying-premium.html
https://www.edmunds.com/bmw/x5/2012/st-101381536/cost-to-own/
https://www.edmunds.com/car-buying/how-fast-does-my-new-car-lose-value-infographic.html
https://www.yourmechanic.com/estimates/bmw/x5/brake-pads-replacement
https://www.goodyear.com/en-US/tires/dunlop-signature-hp-tires?cta=BBCardTireImage
http://www.thecalculatorsite.com/finance/calculators/loancalculator.php