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