• Select 1 used private car between 5k-20k and 1 new car between 25k-70k listed for sale in nsw

using carsales.com
New car
Year 2021
Make Mazda
Model BT-50
Cost 54,800
Kilometers travelled 6
Colour Ice White
Transmission 6 speed Sports Automatic
Engine 4-cylinder Diesel Turbo Intercooled
1.9L
Rego expiry N/A
Build Date December 2021
ANCAP Rating 5 Stars
Average Fuel Economy 6.9 L/100km
Fuel Capacity 76 L
Petrol Unleaded Diesel
Average Fuel distance 1101 km
Warranty 5 years

Used Car
Year 2013
Make Subaru
Model BRZ
Cost 19594
Kilometers travelled 247849
Colour Blue
Transmission 6 speed Sports Automatic
Engine 4 cylinder Petrol Aspirated 2.0L
Rego expiry July 2022
Build Date May 2013
Roadworthy certificate No
Average Fuel Economy 7.1 L/100km
Fuel Capacity 60 L
Petrol Unleaded Petrol
Average Fuel distance 1008 km

2. Purchasing on Finance *applicabe to NEW CAR ONLY

a) Deposit - 10% x 54800 = 5480

b) Balance Owing - 54800 - 5480 = 48960, 7.5% x 48960 = 3672, 3672 ÷ 12 = 306.
c) Interest charged - 3672 x 8

d) Monthly Repayment - 306

e) Total amount paid for the vehicle -

3. Depreciation if vehicle *applicable to USED CAR ONLY

i. Calculate the original value of the vehicle when it was new? - 2022 - 2021 = 1, 1 x 1400 = 1400,
54800 + 1400 = 56200

ii. After how many years will the value of the new car be salvage a value of $0? - 54800 ÷ 1400 =
39.1428571429, The car will have a salvage value of $0 in 39 years.

4. Travel Distance (studying purposes)

a) per week (asuming attendance is 3 days per week) - 29.6 km x 2 = 59.2, 59.2 x 3 = 177.6 km

b) per year (assuming attendance is 30 weeks per year) - 177.6 x 30 = 5328 km

c) Duration of the degree (4 years) - 5328 x 4 = 21312 km

5. Fuel Economy *applicable to both NEW AND USED CARS

a) per week (asuming attendance is 3 days per week) -
Used Car - 29.6 km x 2 = 59.2, 59.2 x 3 = 177.6 km, 177.6% x 7.1 = 12.6096 L
New Car - 29.6 km x 2 = 59.2, 59.2 x 3 = 177.6 km, 177.6% x 6.9 = 12.2544 L

b) per year (assuming attendance is 30 weeks per year) -

Used Car - 177.6 x 30 = 5328 km, 5328% x 7.1 = 378.288 L
New Car - 177.6 x 30 = 5328 km, 5328% x 6.9 = 367.632 L
c) Duration of the degree (4 years) -
Used Car - 5328 x 4 = 21312 km, 21312% x 7.1 = 1513.152
New Car - 5328 x 4 = 21312 km, 21312% x 6.9 = 1470.528

6. Cost of fuel *applicable for both NEW AND USED CARS

a) per week (asuming attendance is 3 days per week) -
Used Car - 29.6 km x 2 = 59.2, 59.2 x 3 = 177.6 km, 177.6% x 7.1 = 12.6096 L,12.6096 x 1.979 =
24.9543984
New Car -
b) per year (assuming attendance is 30 weeks per year) -

c) Duration of the degree (4 years) -

https://www.carsales.com.au/cars/details/2013-subaru-brz-zc6-auto-my13/SSE-AD-12924955/?Cr=2

https://www.carsales.com.au/cars/details/2021-mazda-bt-50-xs-tf-auto-4x4-dual-cab/OAG-AD-
20560783/?Cr=0