Finance_Projects

Student Example B us 14A Finance Project – 2017 Lexus RC F A) The reason I choose the 2017 Lexus RC F is very simple. I prefer Japanese automakers and Lexus is a luxury car marquee of Toyota. The Lexus RC F is a sports model with a modern and fashion able exterior. Since the car I am presently driving is a Toyota Corolla , I want to upgrade and buy a luxury model of Toyota . Putting added control into the hands of the driver, the RC F features an available Torque Vectoring Differential. With three unique modes — Slalom, Track and Standard — this system distributes power between the left and right wheels while the RC F is turning, helping to rotate the RC F in the direction of the turn, powering drivers into and out of corners with unprecedented confidence . Specifications Model 2017 Lexus RC F $64,165.00 Exterior Color Nebula Gary Pearl Included Interior Color Circuit Red Leather with Included Black Carbon Fiber Trim Package Navigation/Mark Levinson $2,550.00 Package Option Orange Beake Calipers $300.00 Accessories Door Edge Guards $139.00 Carpet Trunk Mat $105.00 Key Gloves $10.00 Delivery, Processing & Handling Fee $975.00 Build Total Excludes tax, title, and license. $68,244.00 Retailer sets actual price. All the information comes from www.lexus.com . Student Example Option 1 Financing Offer -- Purchase Term 60 Months Estimated Amount Financed $68,244.00 APR 1.9% Monthly Payment $1,193.18 All information comes from the Payment Estimator at www.lexus.com Option 2 Financing Offer -- Purchase Term 72 Months Estimated Amount Financed $68,244.00 APR 2.9% Monthly Payment $1,0 33.83 All information comes from Sun Trust Bank found at www.bankrate.com Student Example Comparison 1 Model 2017 Lexus RC 350 $43,010 .00 Mileage New Exterior Color Nebula Gary Pearl Included Interior Color Circuit Red Leather with Included Black Carbon Fiber Trim Package F SPORT Package $2,550.00 Accessories Door Edge Guards $115.00 Carpet Trunk Mat $105.00 Key G loves $10.00 Delivery, Processing & Handling Fee $975.00 Build Total Excludes tax, title, and license. $48,320.00 Retailer sets actual price. All the information comes from www.lexus.com . Financing Offer for Comparison 1 Term 72 Months Estimated Amount Financed $48,320 .00 APR 2.9% Monthly Payment $732.00 All information comes from Payment Estimator at www.lexus.com Student Example Comparison 2 Model 201 6 Lexus ES 300 Hybrid $41,820 .00 Mileage Used – 6,000 miles Exterior Color Nebula Gary Pearl Included Interior Color Stratus Gray Leather with Included Espresso Bird’s -Eye Maple Trim Package Premium Package $730 .00 Accessories Wood -and Leather -Trimmed $300.00 Steering Wheel Door Edge Guards $1 40 .00 Carpet Trunk Mat $105.00 Key Gloves $10.00 Delivery, Processing & Handling Fee $975.00 Total Excludes tax, title, and license. $4 4,08 0.00 Retailer sets actual price. All the information comes from www. carmax .com . Financing Offer for Comparison 2 Term 72 Months Estimated Amount Financed $44,080 .00 APR 1.9% Monthly Payment $648.27 All information comes from Payment Estimator at www. carmax .com Student Example F) I would choose the 201 6 Lexus ES 300 Hybrid - Used . After taking classes all morning , I often have to go to work . Having a reliable car that I can drive to school , to my job, and to home is extremely important to me . The hybrid model not only helps me sav e more on the cost of gasoline every month , but it is also better for environment . Since it is used, I like that it has low mileage and a low er monthly payment . The exterior of ES 300 H YBRID is similar to RC F, so it is a good and economic choice for me. G) A financial plan with supporting mathematical calculati ons for saving the money instead of borrowing it. You may use a percentage from 1% to 2% if you are unable to find a percent from financial institution. What should I deposit monthly into a savings account to have enough to purchase the Lexus ES 300 HYBRID at $44,080 .00 in 5 years from now if my interest rate is 1.5% compounded monthly? 44080 = R* { [ (1+ 0.015 /12) ^ 60 - 1] / ( 0.015 /12) } FV = 44080 i=0.015/12 n=5*12=60 R=707.92 As a result, I should deposit $707.92 monthly into a savings account to have enough to purchase the Lexus ES 300 HYBRID.