nice cars for under 15k
TRANSCRIPT
Nice Cars for Under 15K
NAMES: SETH UPTHEGROVE, LUIS VELEZ, PATRICK MCCLENDON, SERGIO LORUSSO, DESMOND JACK
Initial estimates
Budget approximately- $15,000 Average Maintenance cost per year- $400 Average Gas Price over the next 5 years- $3.50 Average Mileage per year- 12000 5 years at a 5% investment account 60 month compounding periods
Cash flow Diagram
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
-20000
-15000
-10000
-5000
0
5000
10000
Chevy coloradoToyota Tundra
Years
Dol
lars
val
ue
2008 Chevy Colorado
Initial Cost- $14,265
Average Gas Mileage- 20MPG
Cost per Year of Gas and Maintenance- $2,500
Salvage Value $7,440
Toyota Tundra
Initial Cost- $16,764
Average Gas Mileage- 16MPG
Cost per Year of Gas and Maintenance- $3,025
Salvage Value- $7,766
Present Worth
Chevrolet Colorado- $-17,810.43
Toyota Tundra-%-
21,120.14
Intrinsic Value
Moving Cost U-haul Truck $20-$40/day + $.60-$1.00 per mile Recent move cost approximately $400 in truck rental and fees and
mileage
Ability to move larger objects
SUV
Honda CR-V 2010• Average gas mileage: 27mpg• Initial cost: $14,998• Average cost of gas and
Maintenance: $2000
Chevy Equinox 2010 • v-6• Average gas mileage: 29mpg• Initial cost: $13,087• Average cost of gas and
Maintenance: $2,000
0 1 2 3 4 5
-20000
-15000
-10000
-5000
0
5000
10000
15000
Cash flow cart
Chevy equanox Honda CR-V
Years
$ Do
llar v
alue
Salvage Value of SUV
Honda CR-V $10,431 Chevy Equinox $9,324
Present Worth of SUVHonda CR-V $19,599 Chevy Equinox $17,988
Sport Cars
Mazda RX-8
350z Nissan
Mazda Rx8
Present value:By owner $4250By dealer ship $13200
Fuel economy :City 18High way 24Average 21
Fuel cost:Monthly $127.75Yearly $1533.00
Nissan 350Z• Present value:
By owner $8600
By dealer ship $15000
• Fuel economy: City 19High way 25.5Average 22.25
• Fuel cost:Monthly
$146.00Yearly
$1752.00
Cash Flow Diagram
0 1 2 3 4 50
2000
4000
6000
8000
10000
12000
14000
16000
Mazda Rx8Nissan 350Z
Years
Dol
lars
val
ue
Present Values
• 2005 Mazda Rx8 Present Worth: -$19,270.00
• 2005 Nissan 350Z Present Worth: -$24,300.00
Sedans
2011 Honda Civic
2011 Mazda 6
2007 Toyota Camry• Present Worth
Private Seller: $8772.00Dealership: $10,022.00
• Fuel EconomyCity: 24Highway: 33Average: 28.5
• Fuel CostPer Year: $1,473.68Per Month: $122.80
• Salvage ValueAfter 5 Years: $3892.18
2007 Toyota CorollaI. Present Worth
Private Seller: $7,268.00Dealership: $8618.00
II. Fuel EconomyCity: 30Highway: 38Average: 34
III. Fuel CostPer Year: $1,235.29Per Month: $102.94
IV. Salvage ValueAfter 5 Years: $3,224.85
2007 Subaru ImprezaI. Present Worth
Private Seller: $7,548.00Dealership: $9,198.00
II. Fuel EconomyCity: 22Highway: 29Average: 25.5
III. Fuel CostPer Year: $1,647.06Per Month: $137.26
IV. Salvage ValueAfter 5 Years: $3,349.09
Cash Flow Diagram
P 1 2 3 4 5
-12,000
-10,000
-8,000
-6,000
-4,000
-2,000
0
2,000
4,000
Camry Corolla Impreza
Years
Dolla
r Val
ue
Present Worth
• 2007 Toyota Camry Present Worth: -$12,769.22
• 2007 Toyota Corolla Present Worth: -$11,018.68
• 2007 Subaru Impreza Present Worth: -$12,247.98
Questions?COMMENTS? REMARKS? OBSERVATIONS? DEMANDS?
References
http://www.cars.com/go/compare/modelCompare.jsp?myids=6200,6268
http://www.edmunds.com/mazda/rx-8/2005/?sub=coupe&ps=used
http://www.edmunds.com/nissan/350z/2005/?sub=coupe&ps=used
http://www.motorauthority.com/news/1025603_revealed-2009-mazda-rx-8-facelift