Scribd Logo
Upload

Welcome to Scribd!

  • Finan Lit - Car Project

    Uploaded by

    api-358480602
    28 views11 pages
    The document discusses a 2017 BMW 3 Series 330i sedan that is listed for $48,780. It receives high marks for safety, comfort, and technology features. Ownership costs include $1,532 per year for gas, $80 for oil changes, and $1,883 per year for maintenance after the first two years. The car is expected to depreciate significantly in value over the first few years of ownership. Factors to consider when purchasing the vehicle include tires that may need to be replaced every few years at a cost of $520-$1,200, annual insurance of $1,200, and potential loan payments ranging from $831 to $1,569 per month depending on the loan terms.

    Original Description:

    Original Title

    finan lit- car project

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses a 2017 BMW 3 Series 330i sedan that is listed for $48,780. It receives high marks for safety, comfort, and technology features. Ownership costs include $1,532 per year for gas, $80 for oil changes, and $1,883 per year for maintenance after the first two years. The car is expected to depreciate significantly in value over the first few years of ownership. Factors to consider when purchasing the vehicle include tires that may need to be replaced every few years at a cost of $520-$1,200, annual insurance of $1,200, and potential loan payments ranging from $831 to $1,569 per month depending on the loan terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    28 views11 pages

    Finan Lit - Car Project

    Uploaded by

    api-358480602
    The document discusses a 2017 BMW 3 Series 330i sedan that is listed for $48,780. It receives high marks for safety, comfort, and technology features. Ownership costs include $1,532 per year for gas, $80 for oil changes, and $1,883 per year for maintenance after the first two years. The car is expected to depreciate significantly in value over the first few years of ownership. Factors to consider when purchasing the vehicle include tires that may need to be replaced every few years at a cost of $520-$1,200, annual insurance of $1,200, and potential loan payments ranging from $831 to $1,569 per month depending on the loan terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    Car Project

    Raiven Jones Period 5


    2017 BMW 3
    Series 330i Sedan
    The interior is so clean with
    perfect stitching
    It has a sunroof

    $48,780
    The front of the car looks
    furious and I Love it

    Category:Safety Conscious Shopper


    because the side crash, frontal
    crash, and rollover have five
    stars.
    Car Review

    Rides very smooth


    Safety has 5 stars
    Comfort has 5 stars
    Technology has 4.5 stars
    Equipped with the latest
    trends and safety
    Gasoline

    It can use either regular or premium it will not affect


    the engine
    23 City/34 Highway
    Yearly cost for gas: $1,532
    Maintenance & True Car Cost

    Oil Change-$80

    Maintenance-$0 for the first two years and then it is $1,883


    a year
    Depreciation Off Lot-$35,321

    Car: 1st year-$29,916

    MRSP-$41,745
    2nd year-$25,413

    3rd year-$21,450

    4th year-$17,941

    5th year-$14,789
    What to Buy?

    Balance on tires:AWD

    New tires: Range from $130-$300

    130 x 4=$520

    300 x 4=$1,200
    Insurance

    1200 a year

    100 a month
    Research

    Book Value-starting at $33,450

    Invoice Price-$39,395

    Base Price-$37,251-$39,635

    MSRP-$41,745

    Sticker Price-$48,780
    Car Payments

    Total Cost for BMW:$48,780

    Loan Interest Rate Sales Tax Length in Years

    $1,569 4% 9% 3

    $1,200 4% 9% 4

    $831 4% 9% 6
    Total Payment for a Month

    Insurance-100

    Car Payment-$1,200

    Parking- $125 for 3 months

    Gas-$70

    = $1,495

    You might also like