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=Personal Finance: Buying a Car=

Can you afford this car:
[|http://www.theexpensivecars.com/ferrari-599-gtb-sport.html]

Or this one?


[|http://www.squawkfox.com/2009/06/10/buying-used-cars-online/]

Before purchasing any vehicle, there are specific things steps that all buyers should follow. This assignment will illustrate these steps as you go about "buying" a new or used car.

Follow these steps: 1. Create a wiki page to record your information. 2. Research the following to include on your page: 3. Put your information into your wikispace page.Your wikispace page MUST include the following:
 * Type of Car and Why Chosen (include any special or enhanced features that you would like)
 * Financing the car- type of loan, interest rate, down payment
 * Insurance- cost of insurance for someone your age
 * Maintaining the car- how much will you pay for oil changes, yearly emissions and inspection checks, wiper blades, brake pads, snow tires
 * Running the car- weekly estimated cost of gas
 * Miscellaneous- any other information you may find important
 * A picture of the car you chose to research
 * A spreadsheet illustrating your calculation of the monthly cost of owning this vehicle
 * A reference (bibliographic citation or web link) to justify the numbers in your spreadsheet OR calculations shown on wiki page
 * A statement of how many points you want the project to be worth according to the chart below


 * Grading Options:**


 * 20 Points:**
 * **brief description of chosen vehicle**
 * **monthly cost of car spreadsheet**
 * **1 link or piece of information justifying cost**


 * 30 Points:**
 * **brief description of chosen vehicle with picture included**
 * **monthly cost of car spreadsheet with 1 additional factor added**
 * **at least 2 sources of information justifying cost**


 * 40 points:**
 * **brief description of chosen vehicle with picture included**
 * **monthly cost of car spreadsheet with 2 additional factors added**
 * **at least 2 sources of information justifying cost**
 * **mathematical calculations to justify cost**