Question: just do the question you can do ill do the rest like the ones with a link in it thanks Buying A Vehicle Assignment In

just do the question you can do ill do the rest like the ones with a link in it

thanks

just do the question you can do ill do the restjust do the question you can do ill do the rest
Buying A Vehicle Assignment In this assignment you are expected to go shopping for a vehicle for yourself. You will consider buying a new vehicle, buying a used vehicle, and leasing the vehicle. Some websites have been provided at the end of the assignment that may help with your research. Feel free to find your own websites as well. Part I - Buying the Vehicle 1. Select the type of vehicle (compact, mid-size, full-size/luxury, van, pick up, sports car, SUV) that would be most appropriate for you. Be realistic in your choice and provide a justification for your selection. 2. List the options you would want in your vehicle provide a brief explanation for each. 3. When acquiring a vehicle, you can buy a new vehicle, buy a comparable used vehicle, or lease a vehicle. Research the associated costs for each of these options for your vehicle and determine the overall cost for each of the three options. 4. Determine the cost of insurance for each of the three options. Use the web site www.kanetix.com or another insurance website. If you do not have your license, fill in the information as if you just received it. Summarize your results. 5. Which option would you pick for yourself? Explain your decision. Part II - Considering the Expenses 6. List the monthly expenses that would need to be included in your monthly budget if you purchased/leased the vehicle. 7. You have been presented with two financing options for the new vehicle. One company is offering 0% financing. Another company is offering $2500 discount with 5.9% financing. You may want to make use of an on-line loan calculator to assist with your decision. Which company would you select if you planned on8. Your total monthly debts should not be more than 40% of your gross income. This is called the total debt service ratio or TDS ratio. Your other current debts include a credit card payment of $150/month and a mortgage payment of $790/month, how much would your annual gross pay have to be in order to purchase your vehicle? 9. Determine the fuel consumption for your vehicle. How much would you spend annually on gas if : a. the price of gas is 97.5 / L and you travelled 20 000 km/year? 30 000 km/year? 50 000 km/year? b. using the current price of gas repeat exercise (a) above. 10. It is recommended that each vehicle follow a maintenance schedule. The maintenance schedule contains different types of services. For example, Type A service might only include an oil change and an inspection of the fluids, while Type B might include an oil change, inspections of the fluids, brake inspection and tire rotation. a Outline the maintenance schedule recommended for your vehicle. Be sure to include what is included and the approximate costs associated with each type of service. b. If you traveled an average of 30 000 km/year, and you purchased your vehicle new, how much would you expect to spend on maintenance in i. the first year? ii. the second year? iii. the third year? 1 1 . All vehicles must have a license plate with a valid license plate sticker. How frequently must this be purchased? What is the cost? Where do you get it from? 12. Suppose your lease agreement allows you to drive 24000 km/year for free. After that, you are charged $0.09 per km. If, at the end of a 3 year term, you ended up driving 90 000 km, how much would you owe

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!