My Car Mr Flannery. The Price of a new car Prius 1Prius 2Prius 3Prius 4Prius 5 1.8L 4-cyl. hybrid...

My Car

Mr Flannery

The Price of a new carPrius 1 Prius 2 Prius 3 Prius 4 Prius 5

1.8L 4-cyl. hybrid engine 

1.8L 4-cyl. hybrid engine 

1.8L 4-cyl. hybrid engine 

1.8L 4-cyl. hybrid engine 

1.8L 4-cyl. hybrid engine 

Continuously variable transmission 

Continuously variable transmission 

Continuously variable transmission 

Continuously variable transmission 

Continuously variable transmission 

Up to 51 cty/48 hwy mpg 

Up to 51 cty/48 hwy mpg 

Up to 51 cty/48 hwy mpg 

Up to 51 cty/48 hwy mpg 

Up to 51 cty/48 hwy mpg 

MP3 Player  MP3 Player  Bluetooth  Bluetooth  Bluetooth 

Side/Curtain Airbags  Side/Curtain Airbags  MP3 Player  MP3 Player  MP3 Player 

Stability Control  Stability Control  Satellite radio  Satellite radio  Satellite radio 

Traction Control  Traction Control  Side/Curtain Airbags  Side/Curtain Airbags  Side/Curtain Airbags 

Satellite radio (Optional) Bluetooth (Optional)  Stability Control  Stability Control  Stability Control 

Satellite radio (Optional Traction Control  Traction Control  Traction Control 

Navigation System (Optional) 

Navigation System (Optional) 

Navigation System (Optional) 

iPod input (Optional)  iPod input (Optional)  iPod input (Optional) 

$21,650 $23,050 $24,050 $26,850 $28,320

MSRP versus invoiceInvoice MSRP Difference

$20,567 $21,650 $1,083

$21,667 $23,050 $1,383

$22,389 $24,050 $1,661

$24,994 $26,850 $1,856

$26,362 $28,320 $1,958

Option details

Auto in Inventory

Used Options

My ChoiceConsumer Guide information

Recommendations for used

How does mileage impact used car prices with 21200 and 100000

My final price estimate

• Discounted price $23,900• Trade in allowance (500)• Sales tax (7.75%) $1,852• Estimated Price $25,252

Financing

• Monthly payments depend on the duration of the loan and interest rate.

• Typical durations 24,35,48,60 months• Todays rates 3% to 5%• Our handouts limit us to 6% to 10% so for

example purposes I will use these rates

Monthly Payments$25,500

6% 8%

4 years 598.87 622.53

5 years 492.99 517.05

4 years 28746 29881

5 years 29579 31023

Monthly Payments$25,500

4% 5%

4 years 577.75 587.22

5 years 469.62 481.22

4 years 27732 28186

5 years 28177 28873

Operating costs

• Registration and license fees --assume $100 yearly

• Gasoline costs assumes 12000 miles per year– 6000 highway 6000 city– Mileage rates are 51miles/gal city 48 miles/gal hw– Assume gasoline is 4$/gal

• Yearly highway gas costs $471• Yearly city gas costs $500

Operating costs

• Oil changes every 3000 miles– Cost $25 4 times per year $100

• Tires every 40,000 – Assume tires are 150/each $600 in 4-5years

• One battery every 3 years – Assume battery costs $200

Operating costs

Operating costs

• Insurance costs $900 yearly– Detail is on previous page

References

• www.edmunds.com• http://www.toyota.com• http://auto.howstuffworks.com/buying-selling/car-buying.ht

m• http://consumerguideauto.howstuffworks.com/• www.kbb.com• Igoogle loan calculator• http://www.ncdot.org/dmv/vehicle_services/

registrationtitling/howtoregister.html#Step 3• http://www.geico.com/landingpage/go168.htm?soa=36927