№ files_lp_3_process_9_30049
Consumer financial comparison and decision-making report evaluating two competing new vehicles, including purchase price analysis, tax calculation, five-year ownership costs, trade-in valuation, loan payment projections, and personal preference justification.
Budget: $4,416 (10–15% of monthly income)
Car #1: Scion tC
Car #2: Toyota Camry Sedan
Model Year Referenced: 2014 (Camry SE Sport edition)
Research Source: Kelley Blue Book (www.kbb.com
Note: )
Financing Assumptions: 5% APR, 60 months, $0 down payment
State Sales Tax: 5%
Fair Purchase Price Car #1: $21,208
Fair Purchase Price Car #2: $19,576
Cost with Tax Car #1: $22,268
Cost with Tax Car #2: $20,554
5-Year-Cost-to-Own Car #1: $36,211 (Scion tC Monogram Series)
5-Year-Cost-to-Own Car #2: $38,528 (Toyota Camry)
Old Car: 1995 Toyota, 20 miles listed
Old Car Condition: Used, old, runs very well, good gas mileage
Trade-In Value: $1,800
Private-Party Value: $1,500
Loan Comparison Periods: 24, 36, 48, 60, and 72 months
Final Decision: Scion tC Monogram Series
Price: 8 / 10 USD
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