Practice visualizing impact of interest rates

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Reference no: EM132035040

The purpose of this case study is to give you practice visualizing the impact of interest rates and other financing aspects in a vehicle purchasing decision:

This is a choice case you choose your own examples and answer the question as follows: there is no specific use your own information and answer the question thank you in advance

1. Determine three different vehicles you would consider for your next vehicle purchase

2. Go out to the manufacturer web site and “build” the vehicle the exact way you would want it

3. Make note of the price of each

4. Assume you would finance through a dealer (or overall manufacturer if an option)

5. Determine the interest rate that you would be charged for each vehicle

6. Determine your monthly payment you would make for each vehicle and the down payment you would make

7. Create a chart that details the: down payment, interest rate, and monthly payments in a manner that provides the overall cost of the vehicle.

8. Provide your choice of which vehicle you would choose to purchase and the justification behind that decision.

Reference no: EM132035040

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