HOT WHEELZ

by Owen

Salary: $30,00

Yearly/ monthly budget-

taxes- $7,500/$625

Housing- $10,500/ $875

Food- $4,500/ $ 375

Savings- $1,500/ $125

Transportation- $4,500/ $375

Payment- $3,000/ $250

Other- $ 1,500/ $125

Medical- $900/ $75

Miscellaneous- $600/ $50




Car Payment-

Yearly- $3,000

Monthly- $250





What can I afford?


3 year- $8,499.67

4 year- $11,127.25

5 year- $13,658.27




The car i found costs $12,500.


Monthly payments-


3 year- $367.67

4 year- $280.84

5 year- $228.80





What will I actually spend on the car over the course of the loan?


I chose a 5 year loan therefore, I will pay

(228.8)(12*5)=


$13,728 over the course of the loan.