Liz,+P

__Black BMW M3 Coupe __ I choose this car because it has always been a long time favorite of mine. I like the aesthetics of the car, as well as the way it drives. I do not mind the rear wheel drive, because when I own this in the future, I will probably not be living in weather like this. Also, I enjoy the BMW M driving technology and clutch, V8 engine, sound system, navigation sytem, and other features the car has.

In terms of purchasing my car, my ideal situation would be to pay up front. However, for the sake of reality and my own learning benefit, I will finance the vehicle. Using the BMW website, I found the base model MSRP runs at $60,100. The picture of the car above is clearly not stock - I will later actually make modifications - but for this assignment I will use just the stock version for calculations. A direct auto loan will be the type I take out to help pay for my car. On the same BMW website, I got an estimate of the down payment for purchasing my M3 to be $2,500, with a 36 month payment plan of $1,724 per month. There will be 4.9% finance rate. Using Esurance to receive an online quote, my monthly insurance payment came out to $427.16.

On the topic of maintenance, I will need to change my oil and filter every 6,000 miles according to BMW forums, which will amount to about $150 approximately twice a year. The BMW website recommends a full service every around every 12,000-15,000 miles. According to most other forums and websites, the service costs about $250. In addition, other side costs that should be taken into consideration each year, such as brake pads, wiper blades, and snow tires, since it is rear wheel drive, are included in the spread sheet below. media type="custom" key="16516040" width="124" height="124" align="left"

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20 points