Mike Shepherd purchased a new sedan. He paid $28,905.50 for the car’s base price and a $164.00 destination charge. The car’s options, a sunroof and air-conditioning, cost $3,609.00. What is the sticker price?

Car dealer Ben Carter paid 97% of the base price of $22,567. He also paid 93% of options totaling $3,465, and a destination charge of $650. What is the dealer’s cost?

Car dealer Aakar Singh pays 89% for a car that has a base price of $23,998. He pays 87% of its $3,425 options price and a $460 destination charge. What is the dealer’s cost?

Paula Brock wants to purchase a four-year-old V6 sedan 4-door, which is advertised at $11,925. The car has no air-conditioning and no power seats. It has been driven 49,000 miles. The used-vehicle guide does not indicate any adjustment for this car’s mileage. What is the average retail price for this vehicle?

Nate Shermach found a two-year-old luxury car advertised for $31,175. Its average retail value is $30,850. It has aluminum alloy wheels valued at $300 and a theft recovery system valued at $75, but it does not include a CD player, which is valued at $100. The car has been driven 47,005 miles. The used-vehicle guide indicates that if the car’s mileage is between 46,000 and 51,000 miles, $700 should be deducted. What is the average retail price for this vehicle?

Use Figure 9.2. Ivan Cabrerra’s insurance policy includes 50/100 bodily injury limits and $50,000 property damage. Her vehicle is in age group B and insurance rating group 13. She has a $50 deductible comprehensive and $50 deductible collision insurance. Miller’s driver-rating factor is 2.2. What is her annual premium?

Use Figure 9.2. Kevin Mahan is the principal operator of his vehicle. His driver-rating factor is 1.8 and his car is in age group C and insurance-rating group 10. The coverage he wants to purchase is 50/100 bodily injury and $25,000 for property damage. He would also like to have $50 deductible for both comprehensive and collision. What is his annual base premium?

William Meyer bought a used car for $6,500 two years ago. He spent $1,299 for gas, $160 for oil changes, $209 for maintenance, and $200 for two new tires. He paid $657 for insurance and $158 for registration and licenses. He calculates the car has depreciated by about $2,100. William also drove the car a total of 16,789 miles and estimates that its present value is $4,400. What was the cost per mile for William to operate and maintain his car?

Carlos Rivera purchased a car three years ago at a price of $21,950. Today the car’s estimated worth is $15,110. The Complete Car Cost Guide states the annual variable cost of the car to be $1,150 per year with insurance costing $1,259 per year. For each year, Rivera paid $140 for license and registration fees and he drove the car about 17,000 miles per year. After computing the car’s depreciation and its total annual cost, find the cost per mile.

Jennifer Sosa leased a new car. She pays $300 per month for 48 months. She paid a $78 title fee, a $110 license fee, and her deposit was $5,000. What is the total lease cost?

Margaret Faso leased a car. This included 36 monthly payments of $545, a $4,000 deposit, a $100 title fee, and a $90 license fee. What is her total lease cost?

Includes insurance, registration fees, loan interest and depreciation

The decrease in the value of your vehicle from one year to the next