Auto Purchase Jacob Sutter

Needs Vs. Wants

Needs • Comfortable/Roomy • Lots of storage space• Security System • Good Gas Mileage

Wants • Sunroof• AUX • Charcoal gray • Window Tinting • Bluetooth • A/C

Manufactures Comparison

2014 Range Rover Sport

• 4WD 4dr SE

• $62,600 MSRP

• Hwy: 23 MPG / City: 17 MPG

• Flexible Fuel Capability

• Warranty- 4 years 50000 miles

2014 Mercedes-Benz G-Class

• 4MATIC 4dr G63 AMG

• $135,700 MSRP

• Hwy: 14 MPG / City: 12 MPG

• Gasoline Fuel

• Warranty- 4 years 50000 miles

2014 Toyota Land Cruiser

• 4dr 4WD (Natl)

• $79,605 MSRP

• Hwy: 18 MPG / City: 13 MPG

• Gasoline Fuel

• Warranty- 3 years 36000 miles

Seller Comparison

2014 Range Rover Sport

Landrover.com

$63,525

Landrover.com

Mileage- 0

New

Charcoal Gray

2014 Mercedes-Benz G-Class

Autotrader.com

$115,125

Mercedes-Benz of Lindon

Mileage – 10

New

Black

2014 Toyota Land Cruiser

ksl.com

$76,90300

Toyota Bountiful

Mileage- 8

New

Charcoal Gray

Winner

•2014 Range Rover Sport• Best price, best gas mileage, and

best warranty

Auto Loan Payment Calculator © 2007 Vertex42, LLC v 1.0

Inputs Effect of Extra Payments

Auto Loan Amount $ 63,525 Total Payments $63,525

Annual Interest Rate 2.99% Total Interest #NAME?

Term of Loan in Years 2 Reduced Interest #NAME?

First Payment Date 5/1/2010 Number of Payments 24

Frequency of Payment Monthly Last Payment Date 4/1/2012

Summary (with no extra payments)

Number of Payments 24

Rate (per period) 0.249%

Payment (per period) $2,730.10

Total Interest $1,997.41

Total Payments $65,522.41.