Good My Car Assignment Essay Example

My net income after tax is $68,494, and I was planning to buy a new car for me. I looked for several models of the car. I always wanted to have a BMW or a Volkswagen car for me. I visited different dealers and searched for different models of BMW and Volkswagen with their invoice price. I confirmed that the dealers have the car of my choice.
I selected to buy BMW X1 sDrive28i car for myself. I always wanted to have either Volkswagen or a BMW car. At this time, I decided to have BMW car, as it was the most feasible car for me at this moment. The reviews of the car were good. The performance indicators, design, specification, efficiency, etc. were far above the normal. Moreover, this car was in my budget range. The other two cars that I choose as alternatives were not feasible as their monthly installment was very high than the limit.
I decided to trade-in my old car to buy this car. The price of BMW was little higher, so I decided to have 48 months of financing. The interest rate was 1.05%. At the end of the day, I bought BMW car, which I always wanted to have. The final price of the car after tax was $36,146, which is little higher than my budget of $35,000, but I am happy to have my car. For this car, I paid the total price of $35,279.76 including the interest of $773.76, down payment of $2,400 and trade-in value of $7,900. I am happy with the car that I have, and this will be the most loved car that I ever had.