Hot Wheels Car Project
Ford Fusion
My Salary = $55,000
Yearly/Monthly budget
- Taxes: $13,750 per year $1,145.83 per month
- Housing: $19,250 per year $1,604.17 per month
- Food: $8,250 per year $687.50 per month
- Savings: $2,750 per year $229.17 per month
- Transportation: Payment: $5,500 per year $458.33 per month Other: $2,750 per year $229.17 per month
- Medical: $1,650 per year $137.50 per month
- Miscellaneous: $1,100 per year $91.67 per month
Total Amounts for each Loan type
Minimum Payments for each Loan type
Total Amount I will spend on my Car
I choose a 5 year loan, therefore, I will pay a total of $27,456.00.
Work: (457.60)x(12x5) = $27,456.00
Why did I chose this car?
The reason I choose this car is because it only has 13,479 miles on it which means it should last a lot longer. Also, the gas mileage is about 22 miles per gallon which is very good and will save me a lot of money for the future. It is also a 4WD car which is safer and can minimize the risk of a crash. Overall, this car is a smart choice if your looking to save money and drive safe.