Buying a Car

Buying a Car
Project Two (Numbers: Budgeting and Credit)
Can you afford to buy your ideal car?

Clarify:

Our grandparents have given us $3400 to buy a car that is in good condition. The car has to be over the amount of $10 000. I have to prove that I can afford the car to get the personal loan and also have to prove that I can run it as well as just purchase it. My annual wage is $23 000.

Some factors when buying a car could include:
i. Can we get insurance?
ii. Can we afford to run the car?
iii. Get a RAC report on the car to see whether there is anything wrong with it.

Some cost involved in buying a car could be:
i. Running Cost
ii. Actual car
iii. Insurance
iv. RAC report
v. Transfer fee

I am going to take out my loan at ANZ Bank as I have researched that they have the cheapest rates.

Some assumptions that I have made are:
i. The cost of fuel is 89 cents per litre
ii. I am living with ...