Car Buying Experience

Planning 10

1. Based on the car/truck you select, complete the following categories. Be sure to use the following web site (or a similar one) for your calculations:
https://www.cibc.com/ca/loans/calculators/car-loan-calculator.html

http://www.rbcroyalbank.com/personal-loans/car-loans.html

Option # Make & Model Year Invoice Price Down Payment Interest Rate Total Interest Paid
Monthly payment Total # of Months to Pay Off loan Total Amount paid for vehicle Choice Number
(rank)
1
Ford Escape XLT
2012 9250 1500 3.45 Percent 146 658 12 months 9004 3
Link: https://vancouver.craigslist.ca/search/cta?query=ford+escape+xlt&min_price=9250&max_price=9250&min_auto_year=2012&max_auto_year=2012
2
Honda Civic Coupe

2007 4500 1500 20 Percent 335 278 12 months 3613 1
Link: https://vancouver.craigslist.ca/van/cto/d/2007-honda-civic-coupe/6566828100.html
3
BMW X5
2008 9995 1500 20 Percent 948 787 12 months 10 230 4
Link: https://vancouver.craigslist.ca/van/cto/d/2008-bmw-x5-fully-loaded/6572833708.html
4 Mazda 3

2010 5500 1500 20 percent 446 371 12 months 4 817 5
Link: https://vancouver.craigslist.ca/van/cto/d/2007-honda-civic-coupe/6566828100.html
5
Chevrolet
2011 8000 1500 20 Percent 725 602 12 months 7827 2
Lihttps://vancouver.craigslist.ca/pml/cto/d/2011-chevrolet-cruze-ls/6575418318.htmlnk:

2. Which vehicle did you choose to buy and explain your reasons why.
The reason why I choose the BM X 5 is, even though it was the most expensive out of all of them. It was the most practical for my life; it has seven seats so it could fit my whole family in it. As well, it has a lot cool ad-on’s, for example a tv ,heated seats and a navigation seats. Moreover, for this price I believe that is pretty good.