Buying a suitable vehicle
the steps and parameters to be taken
Parameters
1) Find two workable car options
2) Do not exceed $9,000 in your purchase
3) The car must be in good condition, capable of running for another 5 years
4) Car must have good mileage and a decent safety record
5) Keep track of all work/sites used
6) Stay realistic!
Step #1: find 4-6 suitable options
2007 Nissan Sentra Sedan
$8,994
2008 Chevrolet Cobalt Sedan
$7,750
2008 Honda Fit Sport Sedan; blue
$8,798
2005 Ford Focus Sedan
$6,994
2006 Chevrolet Aveo Hatchback
$6,995
2006 Ford Fusion Sedan
$7,995
Research
In pertinance to longevity, safety, reliability and gas mileage, this is the ranked order of "smartest" cars.
1) 2008 Honda*
2) 2006 Ford*
3) 2008 Chevrolet
4) 2005 Ford Focus
5) 2006 Chevrolet
*this includes all of the factors, separately*
*insinuates the two best cars
Car #1; calculated interest rate
- at rate #1; 8.99%/month for 36 months....$764.15/mo....$27,509.4
- at rate #2; 2.59%/month for 60 months.....$220.15/mo....$13,209
- at rate #3; 1.99%/month for 36 months....$169.15/mo....$6,089.4
- at rate #4; 2.39%/month for 36 months....$203.15/mo....$7,313.4
Car #2; calculated interest rate
- at rate #1; 8.99%/month for 36 months....$718.75/mo....$25,875.02
- at rate #2; 2.59%/month for 60 months....$207.07/mo....$12,424
- at rate #3; 1.99%/month for 36 months....$159.10/mo....$5727.61
- at rate #4; 2.39%/month for 36 months....$191.08....$6,878.89
FINAL SELECTION
Because I like the honda better, and it proved above to be the "smartest" car, I choose it. I choose the Honda at the second loan price, which would get me the car for around $13,000 for 5 years, which is an incredible deal.
WEBSITES USED
http://www.bonnevilleson.net/used/Chevrolet/2008-Chevrolet-Cobalt-Manchester-3b176a860a0a004900d101f369246d9f.htm
http://www.grappone.com/used/Honda/2008-Honda-Fit-3d084a970a0a00650113fc37f4d5f975.htm
http://www.teamnissannh.com/used/Nissan/2007-Nissan-Sentra-7332916c0a0a006501f6fa507b092cd9.htm
http://www.teamnissannh.com/used/Ford/2005-Ford-Focus-57f171f20a0a006501279ff8df2ae0c8.htm