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Alisiya [41]
3 years ago
12

Perform online research to find a car you would like to have. Find out how much it would cost to lease the vehicle, and how much

it would cost to own it. In about 500 words, explain how you will decide whether to lease or purchase the car.
Business
2 answers:
docker41 [41]3 years ago
7 0

Answer:

The average lease payment for a new vehicle is just over $450 per month for a three-year lease, according to Experian's Q1 2019 State of the Automotive Finance Market report. That's about $100 less than the average monthly auto loan payment for a new car, which was $554.The average monthly payment on a new car was $523 in the first quarter of 2018, according to credit reporting agency Experian. But that's far from the true cost to own a car. For vehicles driven 15,000 miles a year, average car ownership costs were $8,469 a year, or about $706 a month, in 2017, according to AAA. The choice between buying and leasing has often been a tough call. On one hand, buying involves higher monthly costs, but you own something in the end. On the other, a lease has lower monthly payments, but you get into a cycle where you never stop paying for a vehicle.

Explanation:

vagabundo [1.1K]3 years ago
7 0

Answer:

(Answers may vary.)

Dodge Charger SRT Hellcat: The Dodge Charger SRT Hellcat starts at $64,990. A consumer who wants to purchase this vehicle needs to consider the purchase price and monthly payments, and then look at fees associated with getting the car on the road. First, consider the purchase price of $64,990. The down payment is $10,000.The monthly payment at 5 percent interest would be $962 a month for 60 months (5 years). By the time the loan is paid in full, the car will no longer be worth what the consumer paid for it. A car loses value or depreciates over time. After five years, the car is worth only about 40 percent of the original purchase price. Now consider tax, tags, and title fees. For example, for a new vehicle priced at $50,000 and above in the state of Virginia, the sales tax is 4 percent. The title costs $10, and registration fees are $101. To purchase this vehicle, a consumer would need $2,710 in order to register the vehicle and get it on the road. Thus, the total price of this car would be $70,430 (down payment of $10,000 plus monthly payments totalling $57,720 plus $2,710 for registration, etc. = $70,430).

A consumer who can’t afford to pay the $64,990 purchase price can look at leasing options. Leasing lasts for three years. The Hellcat will be worth 58 percent of its purchase price, for a residual value of $37,694. The lease will be for the difference between the purchase price and the residual value. Thus, the lease amount will be $64,990 – $37,694 = $27,396, with an interest rate of 5 percent. There is a $0 down payment, and the monthly lease payment is $799. Keep in mind that tax, tags, and title fees don’t exist for lease agreements. Thus, the total price of the lease is $28,766.

Purchasing the Hellcat would mean paying $70,430 after all the related fees and interests are paid. This is nearly $10,000 more than the purchase price of the vehicle. The only way this would be a reasonable financial arrangement is if the consumer purchasing the vehicle considers $70,430 to be a small cost compared to their annual earnings. The only other way this decision makes sense is if the car is maintained extremely well and the person can sell it at the end of five years for somewhere near the original purchase price. If this second scenario is possible, then the person is at an advantage. If the consumer who purchased the car can sell it for at least 65 percent of its original purchase price, then buying the car was a good idea. Leasing the Hellcat would mean paying $28,766 for the use of the car for three years. This sounds like a bargain, but there are downsides to the arrangement. At the end of three years, the consumer would need to make a new lease deal because they would be without a car.

After reviewing the two financing options for acquiring a Hellcat, it makes sense to lease the car because the lease amount is so much lower than the purchase price.

Explanation:

PLATO

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nikitadnepr [17]

Answer:

Mores

Explanation:

Mores are the behaviors and customs that people have in a particular place and usually, they expect that you adhere to them when you are there and you would probably be judge based on that. According to this, the answer is that Michael's violations of such mores, which concerns routine social conventions, is probably the main reason that he fails to have Norio sign the contract because he didn't follow the custom people have in Japan to establish close personal relationships before talking about business and that affected his image because Michael's behavior was not acceptable for them.

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Suppose that $1 lottery tickets have the following probabilities and values: 1 in 5 to win a free ticket (worth $1), 1 in 100 to
Fantom [35]

Answer:

$0.36

Explanation:

Expected value of the lottery ticket = (p1 x a1) + (p2 x a2) + (p3 x a3) + (p4 x a4)

p1 = probability of winning $1 = 1/5 = 0.2

a1 = $1

p2 =  probability of winning $5 = 1/100 = 0.01

a2 = $5

p3 =  probability of winning $1000 = 1/100,000 = 0.00001

a3 = $1000

p4 =  probability of winning $1 million = 1/10,000,000 = 0.0000001

a4 = $1 million

(0.2 x 1) + (0.01 x 5) + (0.00001 x 1000) + (1,000,000 x 0.00001) = $0.36

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Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
kvv77 [185]

The factors that are used in the rule-of-thumb methods to determine the communication budget is "Prior sales and communication activities".

<h3>What is rule-of-thumb method?</h3>

The rule of thumb would be a cognitive guideline that offers basic guidelines or guidance that is distilled for a certain topic or course of action.

Some characteristics of rule-of-thumb are-

  • A general rule of thumb an unofficial practical guidance that offers streamlined rules that generally apply.
  • Numerous financial rules of thumb provide advice on how much should be saved, how much should be paid for a home, where and how to invest, and other topics.
  • Rules of thumb may not apply to your specific scenario because they not scientific and don't take into consideration the unique circumstances and demands of each individual.
  • It is a fundamental principle that provides step-by-step guidelines for carrying out or handling a specific task.
  • In contrast to scientific study or a theoretical underpinning, rules of thumb typically emerge through experience and practice.

To know more about rule-of-thumb method, here

brainly.com/question/9220387

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