Acura ILX

Exterior“Sporty, aerodynamic exterior”

Exterior

Interior

New Car

New car — Features

2018 Acura ILX Sedan● FWD & 2.4L● Technology Plus Package● MPG: 25 city, 35 hwy● Automatic transmission● Auto-dimming rearview mirror● HomeLink (garage door

transmitter)● Beverage holders, A/C● Illuminated entry; speed control

● Distance pacing cruise control● Power windows & seats● Remote keyless entry● Emergency communication sys● Navigation system● Power moonroof● AcuraLink & Bluetooth● AM/FM radio: SiriusXM● 10 speakers; 15 GB memory● Leather

New car — Features

2018 Acura ILX Sedan● FWD & 2.4L● Technology Plus Package● MPG: 25 city, 35 hwy● Automatic transmission● Auto-dimming rearview mirror● HomeLink (garage door

transmitter)● Beverage holders, A/C● Illuminated entry; speed control

● Distance pacing cruise control● Power windows & seats● Remote keyless entry● Emergency communication sys● Navigation system● Power moonroof● AcuraLink & Bluetooth● AM/FM radio + SiriusXM● 10 speakers; 15 GB memory● Leather

New car — Expenses● Purchase price (MSRP): $34,095● Registration fees & taxes: $3,079

Total price: Purchase + Fees = $37,174

● Down payment: $5,000● Loan principal: Total - Down = $32,174● APR for 650-699 FICO score: 7.66%● Time: 5 years

Monthly Payment: $647.15

New car — ExpensesTotal price: Purchase + Fees = $37,174

● Down payment: $5,000● Loan principal: Total price - Down = $32,174

Monthly payment: $647.15 (annual = 647.15*12 = $7,765.80)

EXPENSES:

Total payment: Down + Monthly*(time in months) = $43,829Finance charge: Total payment - Total price = $6,655

$38,829

(Let x = # of years)

New car — DEPRECIATION

Value decreases

Bought at MSRP

New Car — E(x) & D(x)Intersect: (2.83, 26996.72)Value = Paymentsafter 2.83 years &at $26,996.72

If I sell at D(x) = E(x),I’d still owe:$43,829 - $26,996.72= $16,292.28

Total expenses at end of 5yr loan: $43,829

paymen

ts

value

Used Car

similar features to new car

Used car — Expenses● Purchase price (MSRP): $18,943● Registration fees & taxes: $1,332

Total price: Purchase + Fees = $20,275

● Down payment: $5,000● Loan principal: Total - Down = $15,275● APR for 650-699 FICO score: 6.35%● Time: 5 years

Monthly Payment: $297.80

Used car — ExpensesTotal price: Purchase + Fees = $20,275

● Down payment: $5,000● Loan principal: Total price - Down = $15,275

Monthly payment: $297.80 (annual = 297.80*12 = $3,573.60)

EXPENSES:

Total payment: Down + Monthly*(time in months) = $22,868Finance charge: Total payment - Total price = $2,593

$17,868

(Let x = # of years)

Used car — DEPRECIATION

Initial miles:32,208

Value decreases

Nice deal

Used Car — E(x) & D(x)Intersect: (3.68, 18143.96)Value = Paymentsafter 3.68 years &at $18,143.96

If I sell at D(x) = E(x),I’d still owe:$22,868 - $18,143.96= $4,724.04

Total expenses at end of 5yr loan: $22,868

payments

value

SuggestionS Buy USED! Here’s why:

It costs MUCH less (~45%)$37,174 VS $20,275

Suggestions

Monthly payment

Meaning:

$297.80 < $647.15

Owed $ after D(x) = E(x) $4,724.04 < $16,292.28

Suggestions

payments

value

Payments: $43,829

paymen

ts

value

Payments: $22,868

Value: $17,212

Value: $23,627.58

Net loss: $20,201.42

NEW USED

Net loss: $5,656

Sources & Image Credits● https://www.credit.com/loans/auto-loans/● https://www.dmv.ca.gov/portal/dmv/detail/portal/feecalculatorweb● https://www.elkgroveacura.com/new/Acura/2018-Acura-ILX-915f

e7f60a0e0adf5ba43892777cc87d.htm● https://www.acuraoffayetteville.com/acura-ilx-interior/● http://acurasuggestions.com/2018-acura-ilx-concept-and-review/● https://www.acuranorthscottsdale.com/2018-acura-ilx-exterior/● https://www.losgatosacura.com/acura-ilx-exterior/● https://www.nadaguides.com/Cars/Acura/ILX● https://www.desmos.com/calculator

Th nk You!