buying a new mitsubishi lancer
DESCRIPTION
Buying a new Mitsubishi Lancer. By: Mostafa ‘RICHIE’ El Tabbakh ‘POOR’ Omar Khedr. The Car. The Car. Funding Alternatives. The Alternatives: HSBC Bank. Samir Rayan Cars. Tiba Auto. $$ The Rich Guy $$. Pretty fly for a rich guy. The rich guy is characterized as: - PowerPoint PPT PresentationTRANSCRIPT
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By:Mostafa ‘RICHIE’ El Tabbakh
‘POOR’ Omar Khedr
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The Alternatives:
• HSBC Bank.
• Samir Rayan Cars.
• Tiba Auto.
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The rich guy is characterized as:
◦ Capable of paying more than 5,000$/month on
the installments.
◦ Within the income bracket of above
8,000$/month.
◦ Very rich, wallet full of cash.
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Based on the calculations, Samir Rayan’s offer is the best alternative as the total cost is almost 10,000$ lower than HSBC. Furthermore, the monthly payment is 1,000$ less.
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The poor guy is characterized as:
◦ Capable of paying up to 3,000$/month at most on
the installments.
◦ Within the income bracket of 2,000-4000$/month.
◦ Green with envy when it comes to the rich guy.
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For the poor guy, Samir Rayan has the best offer, since the total interest rate and the cost are the lowest. However, Tiba requires no downpayment, and offers a monthly payment that is similar to that of Samir Rayan's, but the total cost is about 7,000$ more.
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Any Questions?