New Car Project

By: Jonathan Silva

2015 Chrysler 200 Limited

Besides choosing the car based off of its looks, I chose to research the 2015 Chrysler 200 Limited because one of my very close friends is the owner of one of these vehicles. He's told me multiple positive things about the car including, that there is a perfect amount of space in the car, that the sound of car's audio system is great, and that the car sure does travel quite smoothly. His overall review of this vehicle has intrigued me to find out more about it.

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Car Specifications

Miles Per Gallon:


City: 23 MPG

Highway: 36 MPG


Description of Vehicle


The 2015 Chrysler 200 Limited is a midsize sedan with a sharp exterior and interior design. It has a 4-cylinder engine (MultiAir, 2.4 Liter) for fuel-economy. The new 9-speed automatic transmission contributes to a smooth ride and respectable fuel figures as well.


Main Safety Features:


  • Standard Airbags: Driver, Passenger, Driver Knee, Front Head Curtain, Front Knee, Front Side, and Rear Head Curtain.
  • Standard Child Door Locks
  • Standard Engine Immobilizer
  • Standard Traction Control
  • Communication System - Uconnect Voice Command


Warranty Information:


Basic: 3 Years or 36,000 Miles

Powertrain: 5 Years or 100000 Miles

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Consumer Review

Consumer Rating: 8.0 out of 10


In reality this car has many positive reviews out there. Many which speak of the car's luxurious, cool and sleek styling. Multiple users have said that the car is very spacious in the front. Another great thing about this vehicle that many consumers have been pleased with is the way it drives out on the road. The car's MPG allows the driver to get to where he/she has to be quickly, with a good amount of gas in the tank. The car itself handles well. It drives smoothly on both gritty gravel and pavement.


Despite the positives, there are also a few things that consumers have not been pleased with. The car does come with its blind spots. One consumer calls it the "Blind Spot Galore". The low slung roof line combined with the fixed headrests in the rear seats, and the thick C-Pillar design result in nasty blind spots. The thick A-Pillar has the same effect looking forward. People have also said that while the front seat space is comfortable, they would prefer more space in the back seats.

Expert Review

Expert Rating: 7.6 out of 10


In comparison to all the other Sedans, the 2015 Chrysler 200 has a nice sporty body, steering and brakes feel good, and the cabin is exceedingly quiet. There are also many fans of the large screen in the front, the Uconnect system, and the four cylinder fuel efficiency. Although, their has been issues with the nine speed automatic transmission, and the 200 wheel base is shorter than most Sedans hurting interior and cargo space.

My Review

My Rating: 8 out 10


Overall, I believe that the 2015 Chrysler 200 Limited is a car that I would consider buying. The fact that it is spacious in the front allows me to fit comfortably in the driver's seat, considering my height. I also like the fact that the car rides smoothly. I can't stand being in a car that viciously shakes you in the car over a little bump in the road. I also love the fact that it has a Uconnect system. It really adds to the modern design of the vehicle, and seems to come with multiple personalized applications that I'd be able to use. The blind spots are something to consider, but which car doesn't have blind spots? I mean they all do, but because critics have said that they are a bit outrageous, it would lower my rating because I would like to see out of my car from the mirrors the best that I can.

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Car Economics

MSRP: $24,580


The manufacturer's suggested retail price (MSRP) of a product is the price at which the manufacturer recommends that the retailer sell the product.


Fair Purchase Price/Blue Book Value: $21,665 - $23,101


The Fair Purchase Price reflects the price that is typically paid for a vehicle by consumers.


Dealer Invoice: $23,920


The dealer invoice is the price an auto manufacture charges its franchise dealers to have that vehicle.


Prices of the Car


Website #1: TrueCar


Fair Purchase Price: $21,572


Factory Invoice: $25, 026


MSRP: $25,485


Website #2: Kelly Blue Book


Fair Purchase Price: $23,240


Factory Invoice: $25,072


MSRP: $25,820


Fair Purchase Price Comparison


As seen above, the two Fair Purchase Prices for the 2015 Chrysler 200 Limited differ by a few hundred dollars. I believe these prices aren't exactly the same because depending on where the car is being sold, there are a few factors that may differ. For instance, the demand for the car can be higher in one area over the other. I also believe that the cars may not be exactly the same. The interior design of one car can be made to be a bit more luxurious than another car that same title.

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Car Comparison

2016 Honda Civic

Fair Purchase/Blue Book Value: $22,628


Evaluation (Compared to the 2015 Chrysler 200 Limited)


(+)

+The Honda Civic's fair purchase price is less than the one for the 2015 Chrysler 200 Limited, which means it may cost me less to purchase.

+The Honda Civic has a greater amount of MPG.

+I personally like and would prefer the exterior design of the Honda Civic over the Chrysler 200.

+The Honda Civic comes with Honda sensing which includes: adaptive cruise control with low-speed follow, road departure mitigation, forward collision warning, lane-keeping assist, lane-departure warning, and a blindspot camera.


(-)

-The Honda Civic has less air bags.

-The Honda Civic has no communication system, unlike the Chrysler 200 with the UConnect System.

2016 Chevrolet Cruze Limited

Fair Purchase Price/Blue Book Value: $22,704


Evaluation (Compared to the 2015 Chrysler 200 Limited)


(+)

+The Chevrolet Cruze Limited's Fair Purchase Price is less than the one for the Chrysler 200.

+The Chevrolet Cruze has a greater amount of MPG.

+The Chevrolet Cruze has a communication system.

+The Chevrolet Cruze has a turbocharged 4 cylinder engine delivering ample torque and horsepower, as well as impressive fuel economy.


(-)

-The Chevrolet Cruze really doesn't have that sporty, youthful exterior design.

-Multiple consumers said that the car was uncomfortable to be in.

Argument

After comparing the 2015 Chrysler 200 Limited to the 2016 Honda Civic and 2016 Chevrolet Cruze, I would like to purchase a 2016 Honda Civic. I chose this car over the other two vehicles for multiple reasons, one being that the car's fair purchase price is lower than the other two, which means it will most likely save me money. Not only that, but the car has a higher MPG, which means it'll allow me to get farther, on a gallon of gas, then a 2015 Chrysler 200 Limited. I also prefer the 2016 Honda Civic because I love the looks of the exterior design. It is very sleek, modern, and has great looking rims. This car may not have the amazing Uconnect system, but it does come with Honda Sensing, which alarms me of anything that may be going on around me as I'm driving the car. It sure is something I'd love to have, especially as a beginning driver.


After comparing the Honda Civic with the 2015 Chrysler 200 Limited and the Chevrolet Cruze, I really wouldn't want to negotiate a better purchase price for this vehicle because not only is it cheaper, but it comes with much more things that I'd prefer. In this case, I'd be really respectful and polite to the salesman/saleswoman. I'd show interest in the car, but not overdo things with extravagant emotion, so I won't make the salesman/saleswoman think I'm desperate for the car, allowing them to take advantage of me, and sell me the car at a higher price because I'm an excited beginning driver. Because of that very same reason, I'd also have my parents with me, since they have purchased a car before.

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Financing The 2016 Honda Civic

Fair Purchase Price/Blue Book Value: $22,628


The desired down payment that I'd like to put down for this vehicle is $4,525, which is about 20% of the Fair Purchase Price/Blue Book Value. I believe that this is a realistic amount if I were to have some money that I've saved up from the past, along with the money that I'd be making if I had a job.


After making all the calculations, it turns out that I'd have to take out an $18,103 loan, and make monthly payments of $301.72 for the next 60 months. As much as I like the car, I don't think I'd be able to afford this car as a a teenager now, even if I got a job, or as a young adult going to college with a job. Getting an education, and going to a good university comes with its own expenses. Then, with all the other things that have to be paid, like insurance, gas, maintenance of the car, and other unforeseen expenses of the car, I think this car, and any other car at this price range, would probably be better for me to buy when I've graduated college, and am pursuing a career.

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