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

Big image

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.