Maths Research and budgeting
My task is to find a car that is within my budget of $10000. I’m a 19 year old that works at Kotara full time earning $17.50/hr working 40 hours a week with a net income of $32, 841. I need to buy a car within my price range to make sure I can get to work on time. Kotara is approximately 20km away from home so driving to and from work will approximately be 40km a day. Working 5 days a week in total I will be travelling 200km.
I choose a 2014 Mitsubishi Mirage Sport LA that costs $9,990 because it is fuel efficient, runs well, parts are easy to find and reasonably cheap, I love Mitsubishi and the look of this particular car, I have friends that own this car and they say it is the most reliable car they have ever owned, it is small but has lots of room with a massive boot space which is 235 litres (plenty of room for the shopping), it is easier to park into tight spots and has the power of a sports vehicle. The car has a USB port inbuilt to the stereo, Bluetooth for hands free phone calls, CD player, MP3/AUX compatible, ABS, cup holders, power windows, 5 star ANCAP rating and 6 airbags for added safety. It comes with 5 years warranty or 130,000 kilometres and 5 years road side assistance.
This mirage is a 5 speed manual hatch back, 5 doors, and 5 seater car. It’s a front wheel drive with a 3 cylinder 1.2L petrol engine, the rims are steel and tyre size is 195/65 R14 and diameter being 14x45, it is silver in colour. The approximate cost of running this vehicle will be $69 per 1000kms. At current petrol prices it will cost around $51 to fill the tank at 35 litres. Driving to and from work at about 200kms per week will cost around $14 in fuel, adding in weekend driving at about 100kms for Saturday and Sunday it should only cost me $21 a week in fuel. Registration for this vehicle for 12 months will cost about $1200 with green slip being $578, pink slip $35 and registration approximately $530.
Comprehensive Insurance will cost $64.50 per month going through Budget
I choose a 2014 Mitsubishi Mirage Sport LA that costs $9,990 because it is fuel efficient, runs well, parts are easy to find and reasonably cheap, I love Mitsubishi and the look of this particular car, I have friends that own this car and they say it is the most reliable car they have ever owned, it is small but has lots of room with a massive boot space which is 235 litres (plenty of room for the shopping), it is easier to park into tight spots and has the power of a sports vehicle. The car has a USB port inbuilt to the stereo, Bluetooth for hands free phone calls, CD player, MP3/AUX compatible, ABS, cup holders, power windows, 5 star ANCAP rating and 6 airbags for added safety. It comes with 5 years warranty or 130,000 kilometres and 5 years road side assistance.
This mirage is a 5 speed manual hatch back, 5 doors, and 5 seater car. It’s a front wheel drive with a 3 cylinder 1.2L petrol engine, the rims are steel and tyre size is 195/65 R14 and diameter being 14x45, it is silver in colour. The approximate cost of running this vehicle will be $69 per 1000kms. At current petrol prices it will cost around $51 to fill the tank at 35 litres. Driving to and from work at about 200kms per week will cost around $14 in fuel, adding in weekend driving at about 100kms for Saturday and Sunday it should only cost me $21 a week in fuel. Registration for this vehicle for 12 months will cost about $1200 with green slip being $578, pink slip $35 and registration approximately $530.
Comprehensive Insurance will cost $64.50 per month going through Budget