Hot Wheelz

Will Romey

Salary: $40,000

Yearly/Monthly Budget

Taxes: $14,000/1,166.66

Housing: $10,000/833.33

Food: $6,000/500

Savings: $2,000/166.66

Transportation:

Payment: $4,000/333.33

Other: $2,000/166.66

Medical: $1,200/100

Misc.: $800/66.66

What Can I Afford?

3 year: $11,332.78

4 year: $14,836.19

5 year: $18,210.85

Minimum Monthly Payments

3 year: $441.13

4 year: $336.96

5 year: $274.52


I chose a 5 year loan therefore I will pay $16,471.20 over the coarse of the loan.


Extra Credit Answer: $1,984.4 less with the rebate.


http://www.carmax.com/enus/view-car/default.html?id=11771294&AVi=12&No=0&Rp=R&D=50&zip=66204&sP=0-18000&Q=2bcc188f-658b-4d9b-909a-f3c380d74273&Ep=search:results:results%20page