Buying A Car project PDF

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Buying A Car ● You are going to find 2 similar vehicles listed for sale on a reliable web site, such as Autotrader.com. or one of their local dealerships.

● Calculate the amount of simple interest and the total amount they will pay for the vehicles you have selected.

● Compare the two amounts, identifying the advantages and disadvantages of the two loans.

● Be prepared to share your solutions on this page. Vehicle: Used 2019 Hyundai Kona FWD SE and Used 2019 Honda HR-V AWD Sport

Price: $17,520(hyundai kona) and $17,090(Honda HR-V )

Interest Rate: 2.39

Time: 5 years for both vehicles

Total Cost: The simple interest is $2,093.4 and the total cost $19,613( Kona). The simple interest for the honda is $2,042.2 and the total cost is $19,132.

The first loan which is the Kona is more expensive than the HR-V. Both vehicles have

the same interest rate and years to pay off the loan. If you prefer Kona you can buy the vehicle but it is $481 more than the HR-V. Buying the HR-V can make you save more money. The honda vehicle is 7,255 mileage while the hyundai vehicle is 16,156 mileage and both of them are from 2019. The Honda is better because it has less mileage and it is cheaper.The Honda is All wheel drive and the Hyundai is Front wheel drive....