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Car Project

A list of at least 6 cars that meet your needs based on the above requirements. Research the reliability of the cars on your list. You may want to use Consumer Reports for this. Look up the value of each of the three cars you found locally.

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150 views

Car Project

A list of at least 6 cars that meet your needs based on the above requirements. Research the reliability of the cars on your list. You may want to use Consumer Reports for this. Look up the value of each of the three cars you found locally.

Uploaded by

api-306081691
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Name: Isabel Pirrone

Part 1: What type of car will meet your needs? Take into account all the things you
may need to use your car for?
Will you need to haul anything with your car?

No

Will you need to have more than 2 people in your car?


Will you need four-wheel drive?
Will you need to drive lots of distance?

Yes
Not likely
Yes

How much gas can you afford to buy each week?


How much could you spend on repairs each month?

40$
100$

Part 2: Create a list of at least 6 cars that meet your needs based on the above
requirements
2016 Ford Fusion Hybrid S
2016 Ford F-150 XLT
2016 Dodge Charger SXT
Convertible

2016 Ford Mustang EcoBoost Premium

2016 Ford Taurus Limited

2016 Chevrolet Camaro Coupe 2LT

Part 3: Research the reliability of the cars on your list. You may want to consider
using Consumer Reports for this.
Car

Engine

2016 Ford
Fusion
Hybrid S

2.0L
Atkinsoncycle I-4
engine and
electric
motor

2016
Dodge
Charger
SXT

3.6L
Pentastar
V6 Engine

Automa
tic/
Manual
Automati
c

Automati
c

Fuel

Safety

44
city/
41
hwy

Airbags, Child
Locks,
Emergency
Brake Assist,
SOS Post
Crash Alert,
Inside Trunk
Release
Airbags, Active
head
Restraints,
Lane Sense,

19
city/
31
hwy

Extras
(Heated
Seats Etc.)
Rearview
Camera,
Lighted
Rearview
mirror,
Capless Fuel
Filler,

Overall

Rearview
Camera,
Beats Audio
Subwoofer
1

2016 Ford
Taurus
Limited

2.0L
EcoBoost I4 engine

Automati
c

18
city/
27
hwy

Rain Sense
Wipers, (Rain)
Brake Assist,
Airbags, SOS
alert system,
inside trunk
release,

2016 Ford
F-150 XLT

3.5L V6
FFV Engine

Automati
c

18
City/
25
Hwy

Airbags, Blindspot/Traffic
Alert, AntiLock Brakes,

2016 Ford
Mustang
EcoBoost
Premium
Convertible

2.3L
EcoBoost
Engine

Manual

20
city/
29
Hwy

Airbags,
Rearview
Camera, SOS
Alert, Keyless
Entry

2016 Chevy
Camaro
Coupe 2LT

3.6L V6
Engine

Manual

19
city/
28
hwy

Airbags,
Rearview
Camera, Inside
Trunk Release,
On-Star

Heating
steering
Wheel,
Heated/
Cooled seats,
Remote Start,
SOS PostCrash Alert,
Kicker
Subwoofer,
Autodimming
Rearview
Mirror, Active
Noise
Cancellation,
Heated/
Cooled Seats,
Sunroof,
Heated Seats

Part 4: Find at least 3 cars listed locally that meet your needs.
Make
Ford
Dodge
Ford

Model
Focus

Year
2015

Charge
r
Taurus

2015
2015

Price
$17,00
0
$26,60
0
$31,99
5

Features
2,658
Miles
5,163
Miles
6,507
Miles

Contact Info.
(888)221-7240
(877) 800-6456

Part 5: Look up the value of each of the three cars you found. Use kbb.com for this.
You must factor in Year, Make, Model, Features, Mileage, and Location to find the
price.
Car 1 $15,246

Car 2

$22,803

Car 3

$32,552

Part 6: Find at least three places where you could secure a loan for one car on your
list. You may want to consider banks and credit unions to find the best deal.
2

Institution 1:Central Macomb Community Credit Union


Institution 2:Huntington Bank
Institution 3:Christian Financial Credit Union
Part 7: Find, Print, and Complete a Car Loan Application
*** Do NOT include your Social Security # ***MAKE ONE UP!!!!
Part 8: Determine what your loan will actually cost. You should come up with the
monthly payment and determine the amount of principle and interest over the life
of the loan.
http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full
Monthly payment $557.03___________
Interest $2421.76_______
Principle$555.64__________
Part 9: What will it cost to put your car on the road? Identify taxes, registration, and
insurance costs.
Title Fee: _$15_____________
Registration: _$120_________________

Plates:

$114

Insurance:

$100

Total: _$349____________

____

Part 10: General Up-keep and Maintenance


You also need to be concerned with the general upkeep of your car along with how
much it is going to cost to keep gas in your car. This include regular oil changes
after 3000 miles, two new tires every year for Michigan winter weather adventures
and other car problems that could possibly occur. Below is a list for you to fill out
that will help you calculate the other yearly costs of operating your car.
1. The average number of miles driven per year by Americans is 12000.
A. How many times will you have to change your oil then? Every 4
months
B. If you will change it yourself, go to letter (d); if you plan on having
your oil changed by professionals go to letter (c)
C. What is the average cost of an oil change? $30
a.

Now multiply that number by how many time a year you will
need your oil changed.
Total yearly charge:
$120

2) Since the average number of miles driven is 12000, we are going to determine
how much money you will spend in fuel for one year.
a) Does your car run on gasoline or diesel? gasoline
b) What is the average fuel mileage of your car (from page 1)?
18city/27hwy
c) What is the average cost of 1 gallon of fuel?
$1.75
d) Find the total cost of your fuel for one year:
(Number of miles driven / avg. fuel mileage)(Avg. cost of 1 gal. of fuel)
(12000/18)(1.75)= $1,166
3) What would the cost of 2 new tires for your car be?
Site where you found this: Firestone
Part 11: Complete the following chart
One Time Cost
Monthly
Registration: $120
Loan: $557.03

Taxes:
Plates:$114
Down Payment:
$4,799
Other: $135

Weekly
Gas:$20

$670

Repairs
Find at least 3 cost
of repairs for our
vehicle

Insurance:$100

Part 12: Research and present the cost of buying a car directly from the dealership
BRAND NEW!! What is the benefit of buying a car brand new vs. used. Look in to
the price of that car for a lease option and present the cost of leasing vs. buying
brand new. What is the benefit of leasing? What are the drawbacks? Out of the 3
options, buying used, buying brand new, and leasing, when would each purchase be
required in someones life? What is the best option for you now? What is the best
option for you later on in life? Why?
The benefit of leasing is that it builds your credit. There are lower monthly
payments and a lower down payment. You could drive a brand new car for less
money, getting a new car every few year. Some drawbacks are that you dont own
the car and you are driving on limited miles. Also it is expensive to get out of the
lease early if you need to. I think that buying used would be best early on for
someones first few cars. Leasing would be best if you dont drive many miles and
want to try out a few different ones. Buying new is best for when you are buying a
car that you are planning on keeping for a very very long time. The best option for
me is buying used. It is cheaper and I can run my car until it dies. Later on I will
consider buying a new car. I will need a more reliable source for getting to my job
everyday.

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