Posted on January 30, 2019
Finance Project 50 points
Buying a car is not easy. Decisions go far beyond the color and how many doors it has. Prices can change drastically by the number of features added to the vehicle or by whether it is new or used. Research a new automobile of your choice and write a report that includes:
a) A descriptions of the auto and why you chose it. Cite where obtained information. (5 pts)
b) A table listing all the specifications about the auto as well as the price. (4 pts) c) Two options for financing detailing terms and conditions. List where obtained information. (8 pts)
d) Formatted amortization schedules for each financing option using Excel (16 pts).
e) Two comparable vehicles (new or used) listing where sold and price (8 pts).
f) A summary of the “Best Choice” for you and why (4 pts).
g) A financial plan with supporting mathematical calculations for saving the money instead of borrowing it. You may use a percentage from 1% to 2% if you are unable to find a percent from a financial institution. (5 pts).
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