Hot Wheels

By Domenicke Solis

Salary

$100,000

Yearly/Monthly Payment

  • Taxes: $15,000 yearly & $2,083.33 monthly
  • Housing: $35,000 yearly & $2,916.66 monthly
  • Food: $15,000 yearly & $1,250 monthly
  • Savings: $5,000 yearly & $416.66 monthly
  • Transportation: $15,000 yearly & $1,250 monthly
  • Payment: $10,000
  • Other: $833.33
  • Medical: $3,000 yearly & $250 monthly
  • Miscellaneous: $2,000 yearly & $166.66 monthly

Car payment

  • Yearly: $10,000
  • Monthly: $833.33

What can I afford?

  • 3 Year: $28,332
  • 4 Year: $37,040
  • 5 Year: $45,527

The car I found costs $41,000

2015 Ford Mustang gt
Big image

Monthly Payments

  • 3 Year: $43,407
  • 4 Year:$44,215
  • 5 Year:$45,027

I Chose a Five Year Loan

I chose this payment plan because it is the only one that I can afford to do since the other plans are over my budget. This will also be my most cost effective and will be the closest to the most expensive car I can get.