User Account

All Pages

Discussing the financing of a new car

Assignment Help Finance Basics
Reference no: EM13858171

Your Assignment is to write an essay discussing the financing of a new car for your business.

The price of the used car is $20,000. Sales tax on this car is 8.4% of the price of the vehicle. You intend to finance the entire cost of the car and sales tax, less a down payment of $1,500. You intend to finance the car for 48 months and your car payment will be $455.12 per month.

Your essay should in include the following information

1. Calculate and discuss the amount financed, the installment price of the new car, and the finance charges you will pay over the life of the loan.

2. Compare and contrast the advantage of paying cash and financing the vehicle over a shorter period of time, as well as, the impact of finding lower interest rates.

3. Research and discuss the advantages of having good credit versus poor credit when qualifying for a loan. Discuss the implications of your credit score on the interest rates you may qualify for.

Your essay should be complete and cover each point as outlined above. Be sure to include at least one text citation.

Reference no: EM13858171

Questions Cloud

Identify and clearly state the problem and issues : Provide a detailed analysis of the causes of the problem/issue. Be sure the causes you identify relate directly to the problem/issue.
Identify the role of consumer involvement applicable : Role of Involvement in purchase decisions. Student can identify the role of consumer involvement applicable to a specific product or service offering and how that level of involvement affects the type of decision making
Design the tests of details for purchases : Design the tests of details for purchases that you would use to supplement the analytical procedures. Relate each test to the relevant assertion for purchases.
What do we mean by organization mission and vision : What is a product and what do we mean by the four different types of utility? What do we mean by organization mission and vision
Discussing the financing of a new car : Your Assignment is to write an essay discussing the financing of a new car for your business.
Identify and outline the function of digital certificates : Explain the concepts of encrypting data and securing e-mail transmissions
Develop a detailed marketing plan for a company : Develop a Marketing Plan For the requirements of this assignment, you assume the role of a marketing consultant. You have to develop a detailed Marketing Plan for a company of your choice or the company you currently work for. As they need to incr..
Initial loan amount in your account : You open a brokerage account and purchase 200 shares of Google at $443.05 per share.You borrow 40% from your broker to help pay for the purchase.The interest rate on the loan is 8%. What is the initial loan amount in your account?
Difference between a standard rule-based and a fuzzy expert : Consider the difference between a standard rule-based expert system and a fuzzy expert system.

Reviews

Write a Review

Finance Basics Questions & Answers

  Assuming the following ratios are constantm what is the

assuming the following ratios are constantm what is the sustainable growth rate?total asset turnover 1.90profit margin

  Describe evolution of auditing and auditor''s opinion

Describe Evolution of Auditing, Auditor's Opinion, Change of Auditors, Ethic Responsibility of the Company

  What is the net income for this firm

Building an income statement. Draiman, Inc., has sales of $795,000, costs of $345,000, depreciation expense of $76,000, interest expense of $41,000, and a tax rate of 35 percent. What is the net income for this firm?

  Mirr project x costs 100 and its cash flows are the same

mirr project x costs 100 and its cash flows are the same in years 1 through 10. its irr is 12 and its wacc is 10. what

  In addition senior management requested meaningful

the genesis operations management team nearing completion of its agreement with sensible essentials was asked by senior

  Describe factors that bring about managerial discretion for

describe factors that bring about managerial discretion for preparing financial

  Calculate capital gains yield

Today, you sold 200 shares of SLG, Inc. stock. Your total return on these shares is 12.5%. Calculate capital gains yield on the investment.

  What is the corresponding effect on foreign investments

If the United States imports more goods from abroad than it exports, foreigners will tend to have a surplus of U.S. dollars. What will this do to the value of the dollar with respect to foreign currencies? What is the corresponding effect on forei..

  Compute the total tax liability

Compute the total tax liability, the average tax rate, and the marginal tax rate for the following corporation: $1,000,000 in taxable income; 15% tax up to $50,000, 25% up to $75,000, 34% up to $100,000, 39% over $100,000

  Analysis of individual performance in a team

Write a 3-5 page analysis of team dynamics in a team of which you have been a part. Incorporate what you have learned about your emotional intelligence skills into this paper, as well as other characteristics of individual behavior we have studied..

  If the expected rate of return for the market is not much

if the expected rate of return for the market is not much greater than the risk-free rate of return what is the

  Parts of a wait-line system

What are the three parts of a wait-line system

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd