Part 1: Comparing New to Used  Purchasing a new vehicle can greatly affect your financial situation. You will gain a better understanding of the

 

Part 1: Comparing New to Used 

Purchasing a new vehicle can greatly affect your financial situation. You will gain a better understanding of the car-buying process and the components that affect your monthly payments. You will compare the costs of buying a new vehicle and a used vehicle in the same model.

Directions: Download the above document and answer the questions in the document for Part 1 and Part 2.

Here are some pointers to help you:

Part 1

  • Is there a new car or truck you’ve dreamed about owning? Now is your chance to see how much it would cost.
  • First, choose a car or truck, then build and price a new model. Copy and paste info on the vehicle you’ve built to include with your project
  • Next, look at used vehicles between 2-5 years old of the same make and model. You may look for used vehicles from local dealers, Autotrader, etc.
  • Copy and paste info and pictures on the used vehicle to include in your project
  • You will use this Car Loan Calculator to calculate payments. After gathering info, answer the questions on the attached document using the prices found for your new and used vehicles car Loan Calculator 
  • Assume you have no trade-in and no sales tax
  • In a short reflection below your questions, answer the following questions have you purchased a vehicle before? If so, do you have any regrets about your experience?
  • After this activity, do you feel more confident and informed about buying a vehicle?
  • Now that you have completed this activity if you were shopping for a vehicle, would you choose to buy a new or used one? Explain why.
Part 2: Comparing Hybrid to Regular

Question:

Is it worth buying a Hyundai Sonata hybrid instead of the regular Hyundai Sonata?

Download the above document and answer on those sheets. Then upload. 

To answer this question we will break it down.

1) What are some of the factors to consider? List at least 3.

2) Focus on the cost of fuel. 

3) What is the percent decrease in the gas cost for the hybrid? 

4) Research and discuss the starting prices for each vehicle.

5) To better answer the “is it worth it” question, how long it will the gas savings make up for the additional initial cost? 

6) Discuss the pros and cons of each vehicle.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

1 Title Student name Faculty name Due date Question 1 Minimum: 2.71

1 Title Student name Faculty name Due date Question 1 Minimum: 2.71 Maximum: 4.25 Question 2 Quartile 1: 3.435 Quartile 2: 3.59 Quartile 3: 3.84 Question 3 Sample mean: 3.58 Median: 3.5900 Standard deviation: 0.310135 Question 4 Confidence Interval Lower Limit: 3.46653 Confidence Interval Upper Limit: 3.6981 Question 5 Null

Need help with finding correlation coefficient.  COMPETENCY ASSESSMENT Introduction Assessment Rubric and Minimum Submission Requirements This

Need help with finding correlation coefficient.  COMPETENCY ASSESSMENT Introduction Assessment Rubric and Minimum Submission Requirements This competency assessment assesses the following Outcome(s): MM207M3: Determine the relationship between two variables. GEL-1.02: Demonstrate college-level communication through the composition of original materials in Standard English. It is time to demonstrate what you have

MUST HAVE/ BE FAMILIAR WITH THE SPSS STATISTICS SOFTWARE PROGRAM!!!!!!! PADM 810 Quantitative Analysis Report: Structure of

MUST HAVE/ BE FAMILIAR WITH THE SPSS STATISTICS SOFTWARE PROGRAM!!!!!!! PADM 810 Quantitative Analysis Report: Structure of Assignments 1. Use the following structure for your research article: Abstract, Introduction, Literature Review/Theory, Methods, Results, Discussion, and Conclusion. Include a robust discussion section distinct from your conclusion. 2. Give your article a