1. Jeff Lujan Period 3 Economics
My Vehicle Purchase
Jeff Lujan
Period 3
Economics

2. My Vehicle Engine: 270 hp @ 6200 rpm MPG: 20 City/ 25 Highway
rpm
MPG: 20 City/ 25 Highway
Exterior: Ooh La La Rouge Mica (Burgandy)
Electronics: touch screen navigation, etune Audio, bluetooth, USB Ports, 3 zone climate control.
Interior: Almond Perforated Leather, Third row seats, split flat, electronic adjustable seating, heated seats,
Extras: Alloy wheel Locks, Body side molding, Remote Engine Starter, Running Boards
Safety Features: 5 Star safety rating, head restraints, seat belt reminders, driver and passenger air bag, side impact air bags, seat pan air bags, child seat latches
Warranty: 3 year or 36,000 Miles basic, 5 year or Miles powertrain

3. 2016 Toyota Highlander
$42,702

4. Interior: Black Leather fit flat

6. Trade In
1996 Lexus ES
Trade In Value: $2000

7. Financing Vehicle Price: $42000 Trade In: $2000
Total Loan Amount: $40,000
Interest Rate APR: 3.262%
Length of Loan: 72 months or 6 years
Monthly Payment: $618.90
Insurance Payment: $70
Total Monthly Payment: $688.90
Finance Charge: $

8. Rosa’s Car Loan Car amount: 32000 Trade in: 2000 Loan Amount: 30,000
Interest rate: 3.25%
Payments: 48 months or 4 years
Monthly payment: $667.34
Insurance payment : $70
Total Monthly Payment: $737.34
Finance Charge:
48 X =
Total amount of payments is
Total loan is 30,000
– =
finance charge

9. 32,032 total in payments
30,000 loan
Subract
Finance Charge 2,032

10. What motivated me to purchase this vehicle?
I’ve always had a liking for SUV’s and Toyotas. I decided to purchase the Highlander because it was room enough for 4 people, cheap enough for my price range, got more then 20 miles per gallon, and I believe in Toyota’s quality. I have 1 child and 1 on the way, so the highlander fits my growing family. I have a Suburban that gets only 14 MPG compared to 20 MPG of the Highlander. I needed to find a car under $50,000 but had the room I needed. The highlander was within my budget at only $42,000. My brother is a Toyota mechanic and stands firm behind Toyota being the best and longest lasting car company. He’s my brother so I believe him. The Toyota Highlander is economical, has good gas mileage, has plenty of room, and will give us high quality, long lasting memories to come.