Project Financing a Vehicle Direction: Follow each step carefully to complete this project. Each section of the project will use the grading criteria stated next to each section and should be included in a separate section within the project. This project will be in PA formatting. (This project is worth equivalently to two regular test grades.) (15 points) Project must include Title Page: Name of Personal Project, Name, Name of Class, Date, A running header should be included in each page such as example: Montalvo1 (10 points) State your ″credit score.″ Support why you feel your credit score is what you think it is. (10 points) List an actual APR from a reputable institution that you think you will qualify to include in your investigation. (Reference must be included in Reference Page at the end.) (10 points) Type and module of vehicle. (25 points) Current prices with a minimum of three actual car dealership prices. (Reference must be include within dealership information and in Reference Page.) (75 points) Include the three down payments below and do individual plans of how much interest the actual APR from above for each different down payment option. Include how much each payment will be and for how long the financial obligation will take with each option. (25 points) 0% down payment with its financial implications on total cost, total interest, number of payments, and monthly payment (25 points) (Your Choice)% down payment with its financial implications on total cost, total Interest, number of payments, and monthly payment (25 points) 20% down payment with its financial implications on total cost, total interest, number of payments, and monthly payment (45 points) Pick one of the three payment options you would consider in real life for purchasing the vehicle. Construct a Four-Step Budget Making Process. Describe what major factors led you to your decision; this should include major factors you have to adjust in your current situation that will result in you driving off the dealership with the vehicle. (10 points) Reference Page
