To accomplish this project, you will be required to look online to determine –
Purchasing the vehicle (your parents buy it and you pay them back monthly [with no interest]) – and you also have to take into account
· gas mileage (assume cost of gas at $4.00/gallon)
· you live 20 miles away from your job
· you park in a lot which costs $10/day
· if vehicle needs repair, new tires, any other immediate
out-of-pocket expenses
Purchasing insurance – least expensive to more costly coverage
Assuming you have different opportunities for part-time jobs where you clear (your amount of take-home after taxes and other deductions) between $400/month to $1,000/month (but with more salary comes more hours working and more stressful conditions).
Purchasing the vehicle (your parents buy it and you pay them back monthly [with no interest]) – and you also have to take into account
· gas mileage (assume cost of gas at $4.00/gallon)
· you live 20 miles away from your job
· you park in a lot which costs $10/day
· if vehicle needs repair, new tires, any other immediate
out-of-pocket expenses
Purchasing insurance – least expensive to more costly coverage
Assuming you have different opportunities for part-time jobs where you clear (your amount of take-home after taxes and other deductions) between $400/month to $1,000/month (but with more salary comes more hours working and more stressful conditions).