C. Find the gas costs per year. (10 points) Assume that you will drive about 15,000

C. Find the gas costs per year. (10 points)
Assume that you will drive about 15,000 miles annually. Find out what gas currently costs in your town and use that to find the gas costs per year.

Cost = (Miles Driven / MPG) (CPG)

Current cpg in your town

Show your work for the first choice here:

Show your work for the second choice here:

D. Find the annual maintenance/repair costs. (5 points)
Use the information from the table above.

Show your work for the first choice here:

Show your work for the second choice here:

E. Fill out the Comparison Table. (10 points)

Car Names
Price
Annual loan payment
(Multiply the monthly payment by 12)
Gas costs for 1 year
Maintenance/repair costs for 1 year
Insurance cost
Total Annual Expense
(add all except Price above)
Cost per Mile
(divide the total by 15,000)
Safety Rating

F. Decision Time! (10 points)
Which car would you choose if the only factor was
• Looks?
• Price?
• Monthly loan payment?
• Gasoline costs?
• Maintenance/ repair costs?
• Cost per mile?
• Safety?

Consider all above, but also consider anything you are personally looking for in a vehicle. Which of the two choices would you buy? Give at least three reasons why.

Ask your instructor if Extra Credit points are available for your class before completing the following.

Extra Credit (5 points)
Research for the car of your dreams on the Internet. Fill in the information below.

Make and model:

Estimated price:

Details and options on the car: