Hot Wheelz
By: Killian Hulet
Annual Salary
$120,000
Monthly/Yearly Budget
-Housing: $3,500/$42,000
-Taxes: $2,500/$30,000
-Transportation: $1,500/$18,000
-Food: $1,500/$18,000
-Savings: $500/$6,000
-Medical: $300/$2,400
Car Payment
3 Year Plan:
$33,998.68
$ Year Plan:
$44,509.02
5 Year Plan:
$54,633.11
Car I found: $48,998.00
Monthly Payments
3 Year Plan:
$1,441.17
4 Year Plan:
$1,100.85
5 Year Plan:
$896.85
What I will spend..
With the 5 year plan I will spend $896.85/ month
Why I chose the 5 year plan.
The reason that I chose the 5 year plan for my car was for one, it was the cheapest out of the three. Another reason I chose the 5 year was because it was the only one that fit my budget.