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Car Engine Automa Tic/ Manual Fuel Safety Extras (Heated Seats Etc.) Overall

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This document outlines Jared's process for researching and purchasing a used vehicle. It involves determining his needs, creating a list of suitable vehicles, researching their reliability, finding local listings, calculating costs, and comparing purchase options. Specifically: - Jared needs an SUV or truck that seats 5+, has 4WD, and can haul items/travel long distances for $35-50 in weekly gas and $50 in monthly repairs. - His top choices are Dodge Ram 1500, GMC Sierra, Chevy Silverado, Ford F-150, Cadillac Escalade EXT, and Ford Raptor based on these criteria. - Researching reliability on Consumer Reports, the Ram, Silverado, and

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Car Engine Automa Tic/ Manual Fuel Safety Extras (Heated Seats Etc.) Overall

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79 views4 pages
This document outlines Jared's process for researching and purchasing a used vehicle. It involves determining his needs, creating a list of suitable vehicles, researching their reliability, finding local listings, calculating costs, and comparing purchase options. Specifically: - Jared needs an SUV or truck that seats 5+, has 4WD, and can haul items/travel long distances for $35-50 in weekly gas and $50 in monthly repairs. - His top choices are Dodge Ram 1500, GMC Sierra, Chevy Silverado, Ford F-150, Cadillac Escalade EXT, and Ford Raptor based on these criteria. - Researching reliability on Consumer Reports, the Ram, Silverado, and

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This document outlines Jared's process for researching and purchasing a used vehicle. It involves determining his needs, creating a list of suitable vehicles, researching their reliability, finding local listings, calculating costs, and comparing purchase options. Specifically: - Jared needs an SUV or truck that seats 5+, has 4WD, and can haul items/travel long distances for $35-50 in weekly gas and $50 in monthly repairs. - His top choices are Dodge Ram 1500, GMC Sierra, Chevy Silverado, Ford F-150, Cadillac Escalade EXT, and Ford Raptor based on these criteria. - Researching reliability on Consumer Reports, the Ram, Silverado, and

Copyright:

© All Rights Reserved
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
79 views4 pages

Car Engine Automa Tic/ Manual Fuel Safety Extras (Heated Seats Etc.) Overall

Uploaded by

api-281528244
This document outlines Jared's process for researching and purchasing a used vehicle. It involves determining his needs, creating a list of suitable vehicles, researching their reliability, finding local listings, calculating costs, and comparing purchase options. Specifically: - Jared needs an SUV or truck that seats 5+, has 4WD, and can haul items/travel long distances for $35-50 in weekly gas and $50 in monthly repairs. - His top choices are Dodge Ram 1500, GMC Sierra, Chevy Silverado, Ford F-150, Cadillac Escalade EXT, and Ford Raptor based on these criteria. - Researching reliability on Consumer Reports, the Ram, Silverado, and

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You are on page 1/ 4

Name:

Jared Selengowski

Part 1: What type of car will meet your needs? Take into account all the things you
may need to use your car for?
Will you need to haul anything with your car?

Yes

Will you need to have more than 2 people in your car?

Yes

Will you need four-wheel drive?


Will you need to drive lots of distance?

Yes
Yes

How much gas can you afford to buy each week?

$35-50

How much could you spend on repairs each month?

$50

Part 2: Create a list of at least 6 cars that meet your needs based on the above
requirements
Dodge Ram 1500
GMC Sierra
Chevy Silverado

Cadillac Escalade
EXT

Ford F-150

Ford Raptor

Part 3: Research the reliability of the cars on your list. You may want to consider
using Consumer Reports for this.
Car

Engine

Dodge
Ram
Silverado

3.6 L
V6
4.3 L
V6

F-150 XLT

3.5 L
V6
6.0 L
V8

Escalade
Raptor

6.2 L V8

Automa
tic/
Manual
Automati
c
Automati
c

25
mpg
24
mpg

Automati
c
Automati
c
Automati
c

25
mpg
17
mpg
17
mpg

Fuel

Safety
Advance
d
High
strength
steel
Advance
trac

Extras
(Heated
Seats Etc.)
Real Wood
Accent
Wi-Fi available

Overall

SYNC
New grill

Aluminu
m body

Great in harsh
conditions

Part 4: Find at least 3 cars listed locally that meet your needs.
1

Make
Ford
Ram
Chevy

Model
F-150
Ram
Silvera
do

Year
2016
2013
2016

Price
37,528
28,050
37,770

Features
4WD
All black
4WD

Contact Info.
888-807-2873
(586) 791-1010

Part 5: Look up the value of each of the three cars you found. Use kbb.com for this.
You must factor in Year, Make, Model, Features, Mileage, and Location to find the
price.
Car 1 Dodge Ram 13
3
Chevy Silverado

Car 2

Ford F-150

Car

Part 6: Find at least three places where you could secure a loan for one car on your
list. You may want to consider banks and credit unions to find the best deal.
Institution 1: Chase
Institution 2: Wells Fargo
Institution 3: Nationwide
Part 7: Find, Print, and Complete a Car Loan Application
*** Do NOT include your Social Security # ***MAKE ONE UP!!!!
Part 8: Determine what your loan will actually cost. You should come up with the
monthly payment and determine the amount of principle and interest over the life
of the loan.
http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full
Monthly payment $_______664.03____
Interest $__1,873.43___ ___
Principle$____30,000______
Part 9: What will it cost to put your car on the road? Identify taxes, registration, and
insurance costs.
Title Fee: ______15____________
Registration: _____83_____________

Plates:

183
Insurance:

213

Total: ______494_______

____

Part 10: General Up-keep and Maintenance


You also need to be concerned with the general upkeep of your car along with how
much it is going to cost to keep gas in your car. This include regular oil changes
2

after 3000 miles, two new tires every year for Michigan winter weather adventures
and other car problems that could possibly occur. Below is a list for you to fill out
that will help you calculate the other yearly costs of operating your car.
1. The average number of miles driven per year by Americans is 12000.
A. How many times will you have to change your oil then? 4
B. If you will change it yourself, go to letter (d); if you plan on having
your oil changed by professionals go to letter (c)
C. What is the average cost of an oil change? $
30
a.

Now multiply that number by how many time a year you will
need your oil changed.
Total yearly charge:
$
120.

D. For the do-it-yourselfers, you need to determine the number of


quarts of oil you will need every year, the number of oil filters you will
need, we will assume you have the wrenches to complete the job, but
you will need to buy some ramps so you can get to our oil plug.
Number or quarts of oil:
Total cost of oil:
Total cost of all filters:
Cost of two car ramps:
Total yearly cost for your oil changes:
2) Since the average number of miles driven is 12000, we are going to determine
how much money you will spend in fuel for one year.
a) Does your car run on gasoline or diesel?
gasoline
b) What is the average fuel mileage of your car (from page 1)? 20 mpg
c) What is the average cost of 1 gallon of fuel?
1.85
d) Find the total cost of your fuel for one year:
(Number of miles driven / avg. fuel mileage)(Avg. cost of 1 gal. of fuel)
$1,110
3) What would the cost of 2 new tires for your car be?
Site where you found this:
Part 11: Complete the following chart
One Time Cost
Monthly
Registration: 83
Loan: 600

Taxes: 125
Plates:183
Down Payment: 0
Other: n/a

Insurance: 213

411.90

Goodyear

Weekly
Gas: $60

Repairs
Find at least 3 cost
of repairs for our
vehicle
Brakes:215
Headlights:22
Engine: 50

Part 12: Research and present the cost of buying a car directly from the dealership
BRAND NEW!! What is the benefit of buying a car brand new vs. used. Look in to
3

the price of that car for a lease option and present the cost of leasing vs. buying
brand new. What is the benefit of leasing? What are the drawbacks? Out of the 3
options, buying used, buying brand new, and leasing, when would each purchase be
required in someones life? What is the best option for you now? What is the best
option for you later on in life? Why?
The benefit of buying a new car is that youll know youre going to have any
problems with the car and youll be already to go and you wont need to get your
car looked at by a mechanic for like $50. The benefit of leasing is that you dont
have to spend as much money right away. You get time to pay off the car. The
drawbacks are that you dont get to keep the car and you can only use a certain
amount of miles on the car and you have to return it in perfect shape. Buying used
is more for a teenager making minimum wage, or a little bit higher paid job. Leasing
is more for your average American with a steady job. Buying a new car is more for
the rich people with lots of money who can afford it. Right now the best for me is to
buy a used car because I dont make that much money.

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