Finance_Projects

Bus 14A Finance Project - 2017 GS 350

A.

Specifications

Model 2017 Lexus GS 350 $50695

Exterior Color OBSIDIAN Included

Interior Color Black leather Included

Package Luxury package $4435

Mark Levinson Sound Audio system $1380

Intuitive Parking Assist $500

Power open/close Trunk $400

Delivery, processing & handling fee $995

Total $58,405

(Excludes tax, title, and license. Retailer sets actual price. All the information comes from http://www.lexus.com/ )

Option 1 Financing offer

Term 60 Months

Estimated Amount Finances $52,606

APR 1.9%

Down payment $5799

Monthly Payment $943.00

(All the information comes from http://www.lexus.com/ )

Option 2 Financing offer

Term 72 Months

Estimated Amount Finances $52,606

APR 1.9%

Down payment $5799

Monthly Payment $774.00

(All the information comes from http://www.lexus.com/ )

Comparison 1

Model 2016 Lexus GS 350 $41,998

Mileage Used 16K

Exterior Color OBSIDIAN Included

Interior Color Black leather Included

Navigation System Included

Mark Levinson Sound Audio system Included

Intuitive Parking Assist Included

Power open/close Trunk Included

Delivery, processing & handling fee Included

Total $41,998

(Excludes tax, title, and license. Retailer sets actual price. All the information comes from https://www.carmax.com )

Financing Offer for Comparison 1

Term 72 Months

Estimated Amount Finances $41,998

Estimated Tax, Title and Fees $6150

APR 2.9%

Down payment $5799

Monthly Payment $828

(Includes tax, title, and license All the information comes from https://www.carmax.com)

Comparison 2

Model 2017 Lexus ES 350 $38900

Exterior Color OBSIDIAN Included

Interior Color Black leather Included

Navigation/ Premium Audio Package $2590

Package Luxury package $1670

BI-LED headlamps $515

Blind Spot Monitor $500

Intuitive Parking Assist $500

Wood- and Leather- trimmed Steering Wheel $300

Power rear sunshade $210

Delivery, processing & handling fee $995

Total $46,180

(Excludes tax, title, and license. Retailer sets actual price. All the information comes from http://www.lexus.com/ )

Financing Offer for Comparison 2

Term 72 Months

Estimated Amount Finances $40381

APR 1.9%

Down payment $5799

Monthly Payment $594.00

(All the information comes from http://www.lexus.com/ )

F. I will choose 2017 Lexus ES 350, because its affordable and nice car……..