I choose this car because it has new technology and space for traveling 1 16

I choose this car because it has new technology and

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I choose this car because it has new technology and space for traveling.1.16 cubic feet of trunk space2Voice-Activated Touchscreen Navigation System3Gas powertrains
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2 Pictures of the vehicle (1 Exterior and 1 Interior):-h.assetsadobe.com/is/image/content/dam/vdm_ford/live/en_us/ford/nameplate/fusion/2020/collections/dm/20_FRD_FSN_43030_PK.tif?croppathe=1_3x2&wid=720&fit=crop&hei=480
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Find a similar car to the one you chose / built above. It must be 5 years, or more, older than the new car above. It can be the same make and model, or it can be a different make or model. It just needs to be similar to the new one you found above. Used Car WebsitesUsed CarWeb Address:Make: FordModel:2014 Ford Fusion SYear:2014Price:$13,1493 FeaturesWhy did you choose this car?I choose this car for space for traveling.1 Cruise Control2 Overhead Airbags3 Auxiliary Audio Input2 Pictures of the vehicle (1 Exterior and 1 Interior):Step 3: Purchase your vehicle. (10 Points)Purchase your vehicle. There are many options to do this. You could pay cash, you could lease (rent / pay for depreciation), or you could finance (get a loan) your purchase. For this assignment, we are going to finance your purchase.Go to:
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Vehicle #1: Financing Your New Car VehicleLoan Amount:Monthly Payment: $416.33Term: 5 Years (60 Months)Interest Paid: $1,810Interest Rate: 3%Total Paid: $24,980Payoff Date: Sep, 2024Vehicle #2: Financing Your Used Car VehicleLoan Amount:Monthly Payment: $24,98Term: 5 Years (60 Months)Interest Paid: $2,103Interest Rate: 6%Total Paid: $15,252
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Payoff Date: Sep, 2024Step 4: Summary (5 Points)What did you learn about purchasing a car from this assignment? Which option was more expensive? Are you more likely to purchase a new or used car based on what you have learned? In the future, would you finance a car or would you rather pay cash for a car? Why? What are some hidden costs to owning a car? I learn that you have to be careful of your select of cars because you might not have the money to pay all the amount. Even if you can pay every month to pay it off, it still can affect your life. The new car was more expensive then the used car. I rather uses the use car because I would be able to use more of my money on other important things. I rather pay for
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