For Sale - 2013 Mercedes-Benz E350
Asking price: $34998!
This car is available for purchase right now!
Matt McGuirk
Buying a Car
60000 * .35 = $21000 – Housing
60000 * .25 = $15000 – Taxes
60000 * .1 =- $6000 – Transportation (1)
60000 * .05 = $3000 – Transportation (2)
60000 * .15 = $9000 – Food
60000 * .05 = $3000 – Savings
60000 * .03 = $1800 – Medical
60000 * .02 = $1200 – Misc.
$6000/12 months = $500 per month on transportation payment
3 year:
$16999.34
4 year: PV =
$22254.51
5 year: PV =
$27316.56
The car I found costs $34998.
Monthly Payments:
3 year: 34998 =
34998 = R (33.998)
$1029.39 = R 3 year
4 year: 34998 =
34998 = R (44.51)
$786.31 = R 4 year
5 year: 34998 =
34998 = R (54.63)
$640.60 = R 5 year
If I chose a 4 year loan, then I will pay:
(786.31)(12*4) = $37742.88