Do research to find a car that is right for you. In this project you will find a car, calculate how much the car will cost and choose a financing option for the car

Petch/Math 1332 Name:__________________________

Finance Project – Car Loan

Do research to find a car that is right for you. In this project you will find a car, calculate how much the car will cost and choose a financing option for the car. Choose a realistic car that you may want to purchase in the near future. The cars that you select could be new or used but no luxury sports cars or cars over $100,000. Round all dollar amounts to the nearest cent. Show all your work to earn full credit. Part 1: Find a Car 1. Research a few types of cars that fit your needs. Be REALISTIC in your car purchase. Choose TWO cars

to analyze. Attach a copy of the dealer information for each car and complete the table below.

Car 1 Car 2




MPG (city):

Price (MSRP):

I like this car


Part 2: Cost of a Car 1. Sales tax: When you purchase something you must pay sales tax. Currently, Texas requires you to pay

8.25% in sales tax. Calculate the sales tax for each car that you chose. Write the total amount of sales tax in the box below and round to the nearest cent. SHOW YOUR WORK!!!

Car 1 Car 2

Sales Tax Owed

Sales Tax: _____________

Sales Tax: ______________

2. Down Payment: Let’s say you want to put 20% of the sale price as a down payment. Calculate how much

money you would need for a down payment. Use the price of the car from the first page as the sale price. SHOW YOUR WORK!!!

Car 1 Car 2

Down Payment

Down Payment:___________

Down Payment: ___________

3. The average registration fee in Texas is $94 dollars. Calculate the amount you would need to finance the

car. Use $50 as S&H fees from the dealership. Assume that we are not trading in our current car.

Car 1 Car 2


Amount Financed

4. Suppose that you drive, on average, 15,000 miles per year. In Texas, gas prices right now are averaging $1.81 per gallon. What is the annual fuel expense for each car? Round your answer to the nearest cent. SHOW YOUR WORK!

Car 1 Car 2

Annual Fuel Expense

Annual Fuel Expense: _________

Annual Fuel Expense: _________

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
Hello. Can we help you?