Pruitt,+M

= __2012 Subaru Legacy__ =



**Initial Cost: $21,295** > http://www.automobilemag.com/am/99/2010/subaru/legacy/25i_sedan/69/ownership_costs.html > (8000)/(12)/(26)x(3.88)=$99.84. I used this website to determine the fuel economy: > http://www.automobilemag.com/am/99/2010/subaru/legacy/25i_sedan/69/specifications.html
 * **Description:** 4-cyclinder, aerodynamic, compact car for casual driving. I could drive this car to work, school, and other recreational trips. I have previously owned a Subaru and was very pleased with the functions and fuel economy.
 * **Monthly Payment:** The initial cost of the car is $21,295 and my APR would be approximately 10% since I've never had credit, but don't necessarily have "bad" credit. The Approximate monthly payment would be $540.10 for 48 moths total
 * **Insurance:**The average insurance cost for this car is $5,380 over a 5 year period. Since there are 60 months in 5 years, I divided the insurance cost by 60 to get the monthly payment of insurance.($5380)/(60)=$89.67. I used this Website to get the average insurance cost for this car:
 * **Fuel Cost:**The equation to figure out the month fuel cost is:(Miles Per Year)/(12)/(Fuel Economy)x(Gas Price). I am a light driver, so i averaged around 8,000 miles per year. The fuel economy of my chosen car is 26 MPG. The current gas price is around $3.88. So i plugged the numbers in the formula and resulted with a monthly fuel cost of $99.84.
 * **Other Costs**:
 * 1) Maintenance:$2,495 for 5 years...($2495)/(60)=$41.58
 * 2) State Fees: $410 for 5 years...($410)/(60)=$6.83

Link to the car: http://www.subaru.com/vehicles/legacy/25i-premium/build.html

Calculations Spreadsheet: media type="custom" key="16470232"

Conclusion: If I were to work 25 hours a week at my current job, I would make about 800 dollars a month. So yes, it would cover the monthly cost, but I would have no money for other things. This car is not too realistic for a high school student.


 * Please make my project out of 40 points :)