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By: Robert Harold Jr.. I am Robert Harold Jr. Status: Single Sex: Male Age: 54 years old Job: Contractor Residence: Shoreline, Washington Needs: Big enough.

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Presentation on theme: "By: Robert Harold Jr.. I am Robert Harold Jr. Status: Single Sex: Male Age: 54 years old Job: Contractor Residence: Shoreline, Washington Needs: Big enough."— Presentation transcript:

1 By: Robert Harold Jr.

2 I am Robert Harold Jr. Status: Single Sex: Male Age: 54 years old Job: Contractor Residence: Shoreline, Washington Needs: Big enough to tow tools around, Has inexpensive monthly auto costs, around 20-30 MPG Wants: GPS, Radio, Bright red color Robert Harold Jr. Savings Account: $5000 Monthly Auto Budget: $450

3 2008 Dodge Ram 1500 SLT Price - $12,390 Has a radio MPG – 19 Very big 2 Seats

4 2011 Ford Ranger XL Price - $12,487 Has a radio MPG – 20 Able to fit all tools 2 Seats/Doors

5 2005 Chevrolet Silverado 1500 LS Price -$10,990 Has a radio MPG – 20 Able to fit all tools Cheapest car

6 Loan Price Yearly Interest Rate Monthly Interest Rate Length of Loans Monthly Loan Price Dodge$8,5673.39%0.2825% 60 Months $155 Ford$8,6733.39%0.2825% 60 Months $157 Chevy$70343.39%0.2825% 60 Months $128 Loan Company: BECU P ( r ) ——————————— ( 1 – ( 1 + r ) -m ) P: Specific Principal Amount M: Number of Months R: Monthly Interest Rate

7 Car #1 Insurance Cost: $633 (6 months) Monthly Insurance Cost: $106.20 Car #2 Insurance Cost: $630 (6 months) Monthly Insurance Cost: $104.70 Car #3 Insurance Cost: $589 (6 months) Monthly Insurance Cost: $98.55 Progressive

8 Gas Price: Shoreline Costco –$3.23 City MPGHighway MPG Monthly Miles Monthly Gas Price Dodge16 Miles19 Miles540 Miles$91.732 Ford15 Miles20 Miles540 Miles$87.21 Chevy14 Miles20 Miles540 Miles$87.21

9 Car Name Monthly Maintenance Costs Monthly Loan Payment Monthly Insurance Cost Average Monthly Fuel Cost Total Monthly Cost Car #1 Used 2008 Dodge Ram 1500 SLT $165.93$155$106.20$91.732$518.862 Car #2 Used 2011 Ford Ranger XL $66.18$157$104.70$87.21$415.09 Car #3Used 2005 Chevy Silverado 1500 LS $127.30$128$98.55$87.21$441.06

10 My perfect car is the 2011 Ford Ranger XL! Meets all my needs! Already has AC in it I can just paint it red or install a GPS myself Fits in my auto budget!


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