Financing a CyberTruck

Conclusion

From this project I learned that there are hidden costs with financing a vehicle. First you have GST and PST which raise your price by 12% and second you have interest rates from borrowing money. In my opinion, purchasing a vehicle is the best option because you are not tied to any contracts that come with leasing a vehicle, and you get to do with the vehicle what you want.

Core Competencies

From this project I improved my critical thinking CC’s. Before I did this project, I thought that interest was just added on in the end, but my thinking has changed because now I know about compound interest rates and how they work. There are these hidden costs with everything you buy and now I am aware of it.