ok wait rate dis
by:
MaxiTheNerd 
885
885
10.06.2025
15 comments
MaxiTheNerd[OP]
10.06.2025 13:21
LinkStudents shouldn’t have to spend an extensive amount of money for a car while they are already working on their education and don’t have the time for a full time job. Used cars are a great workaround when it comes to needing to be somewhere independently for less money. It is important that you compare the price of the car to others, but also the condition, age, and mileage on it as well. When comparing the used 2019 Volkswagen Tiguan to other cars, the price is decent. There are cheaper cars, but an important factor to consider is the mileage. While the Volkswagen is $21,044 compared to the $18,349 2017 Cadillac XT5 Luxury, the mileage on the Volkswagen is significantly lower. The Volkswagen has 56,106 miles, while the Cadillac has 74,180 miles. The Volkswagen has 18,074 miles less than the Cadillac. Miles are an important factor to consider when it comes to purchasing a vehicle.
MaxiTheNerd[OP]
10.06.2025 13:21
LinkThis is because the more miles a car has, the more it has been through and it could need frequent maintenance, which is also expensive. The best fitting loan if you were to purchase the Volkswagen would probably loan III. Loan III has less interest but more principal. In the end, however, you pay less for the whole loan in general. The final amount paid for loan I is $26,034.84. For loan II, the final amount paid is $24,570.74. In the end, loan III has the lowest final amount paid at $23,353.58. You could argue that loan II is also an effective and smart option when it comes down to the price, because it also is less money for interest and more for principle, but in the long run, loan III is a great choice for a student who is still pursuing an education and cannot work full time because the final amount paid is smaller than loan I and II. Loan I comes with disadvantages such as higher final balance and higher interest, so it would not be worth it to invest in this loan.
MaxiTheNerd[OP]
10.06.2025 13:21
LinkThough loan I is a five year loan and you can slowly save for the higher cost of the loan, it may just be better to have a fast loan like loan III, which is 3 years. In the end, you will be paying less money for loan III, which is important for students who can’t work high paying jobs full time. Loan III also has the smallest monthly payment amount, with month one of loan III costing $20,488.75, month two costing $19,931.87, and month three costing $19,373.37. Other things to consider would be how long you plan on keeping the car or how frequently you plan on using it.
MaxiTheNerd[OP]
10.06.2025 13:24
LinkHere is the rubric kinda
Best loan option picked and decision justified (30 pts)
(out of the three loans):
Lowest interest rate (5 pts)
Smallest monthly payment amount (5 pts)
Shortest time (5 pts)
Lower cost (5 pts)
Spelling, grammar and neatness (5 pts)
The rest of the points are on the actual spreadsheet itself which i cant rlly show here lol sorry for asking flipanim to rate my work my parents are kinda busy a lot so
MaxiTheNerd[OP]
10.06.2025 13:26
Linkignore the misspellings of principle i get them confused
