INTRODUCTION•My name is Colin Martin, I’m a sophomore in High school•I already have a big sum of money saved up for a car•I babysit most weekends for money•I have a summer job (swim coach for little kids)•No parental financial aid

What car and why?

The car that I’m going to get is a Used 2003 Nissan 350Z Performance Coupe 2D with a amped up sound system

It has 104,265 miles and runs great $9,375 I want this car because it looks great and

is fast

How will I pay for car, gas, maintenance

I will pay for car with the money I already have and the money from my new summer job.

I will pay for the gas, maintenance fees, and insurance with the babysitting job I have during the school year.

What type of financing will I have?

I will not finance anything. I will take all the money I have and the money I will earn over the summer and buy the car in full so I don’t have to worry about interest.

If I were to finance I would probably go to my parents, negotiate a plan with them (without interest) and type up a contract.

What types of insurance do I need?

I would get 4 types of insurance: Bodily Injury Liability Property Liability Comprehensive & Collision Uninsured Motorist Coverage

How will I maintain my car?

I will maintain my car by taking it in the shop every 5,000-10,000 miles or when needed especially because it already has almost 100,000 miles on it

I will drive cautiously I will change oil and other car parts (that

need changing) every 3,000 miles or when needed.

I will change tires when the tread is worn off

Sources

www.autotrader.com www.ehow.com www.allstate.com www.consumerreports.com www.cars.com www.edmunds.com