Stokan+E

5/7/12
=== Period 9 20 Point Project ===

= Used 2005 Volkswagen Beetle Convertible =

Price: **$8,490** Mileage: 83,855 miles Transmission: Automatic Exterior Color: Light Blue Gas Mileage: 19 MPG City 28 MPG Highway Engine: 2.0L = Features =


 * Front Wheel Drive
 * Tires - Front and Rear Performance
 * Conventional Spare Tire
 * Aluminum Wheels
 * Wheel Locks
 * 4-Wheel Disc Brakes
 * ABS
 * Convertible Soft Top
 * Fog Lamps
 * Heated Mirrors
 * Power Mirrors
 * Integrated Turn Signal Mirrors
 * Intermittent Wipers
 * Variable Speed Intermittent Wipers
 * Bucket Seats
 * Premium Synthetic Seats
 * Pass-Through Rear Seat
 * Rear Bench Seat
 * Power Outlet
 * Floor Mats
 * Adjustable Steering Wheel
 * Power Door Locks
 * Keyless Entry
 * Security System
 * Remote Trunk Release
 * A/C, Rear Defrost
 * AM/FM Stereo
 * CD Player
 * Premium Sound System
 * Front Reading Lamps
 * Driver Vanity Mirror
 * Passenger Vanity Mirror
 * Driver Illuminated Vanity Mirror
 * Passenger Illuminated Visor Mirror
 * Passenger Air Bag Sensor
 * Front Head Air Bag
 * Emergency Trunk Release
 * Rollover Protection Bars

===I chose to buy the Used Volkswagen Beetle Convertible because it was a good price and Volkswagen cars are reliable and get good gas mileage. ===

=Total Costs=

Monthly Payment: To calculate my monthly payment I went to PNC Bank and used their Loan calculator to figure out my monthly payments on the car as seen below. =STEP 1- FIND MODEL OF CAR AND INTEREST RATE FOR MY LOAN= =STEP 2- USE CALCULATOR= =STEP 3- RESULTS=

My vehicle payments for loaning $8500 and putting $500 down (leaving me with an $8000 debt) would be $184 monthly for 48 months.
Fuel Calculation (Miles Traveled per Year*) / (12) / (average fuel economy) X (average cost per gallon gas) = Total cost per month * Miles Traveled per year for: Light Travel- 8,000 Medium Travel- 12,000 Heavy Travel- 15,000

(9000) / (12) / (28) X (3.85) = $103.13
Insurance Costs

I found two different Insurance quotes from Geico and Liberty Mutual. I researched and found that the national average car insurance annual premium rate in April is almost 2000 dollars. Both of my quotes were around that amount but Liberty Mutual offered me a better price, which is the insurance I would choose.
 * =Geico Insurance Rate= || =Liberty Mutual Insurance Rate= ||
 * [[image:Insurance_1.JPG width="400" height="165"]] || [[image:Insurance_2.JPG width="405" height="193"]] ||

I would choose Liberty Mutual Car Insurance which would cost me a monthly rate of $166.25
=TOTAL MONTHLY COSTS = [|https://docs.google.com/a/ptsdwebapps.com/spreadsheet/ccc?key=0AjBPsZjtX2q3dHN5VlNYSjkyOUxPQ2g0bFlXZ1ZQWGc#gid=0]

=Websites Used=
 * = = Monthly Payment = ||= = $184 = ||
 * = = Fuel Costs = ||= = $103.13 = ||
 * = = Insurance Costs = ||= = $166.25 = ||
 * = = Total Costs = ||= = $453.38 = ||
 * Car Website || [|http://www.cargurus.com/Cars/l-Used-Volkswagen-Beetle-d201#listing=35434867] ||
 * Monthly Payment Calculation || [] ||
 * Average Insurance for Teens || [] ||
 * Geico Insurance Quote || [] ||
 * Liberty Mutual Insurance Quote || [] ||
 * Kelley Blue Book || [] ||