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Team 2

A helpful guide for a 22-year-old male engineer newly graduated, earning $50,000/year, on deciding between buying or leasing a BMW 3-Series 325Ci Convertible. Resources include pricing tips, car details, and financial options.

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Team 2

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  1. Team 2 Vinh Thu Lieu – Organizer Qi Xu – Summarizer Manuel Gutierrez – Techie

  2. Project Type • Planning to buy or lease a car • 22 year old Male • B.S in Engineering, just out of college • Earn a Salary of $50,000/year • Lives in the Pomona area • Single

  3. Scenarios Buying Vs. Leasing a Vehicle. • BMW 3-Series 325Ci Convertible • Good Entry Level Sport Car • Reliable • Good Resale Value (approx. <= 70% ) Depending on the Used Cars • Comfortable and Great Looking Car What should he do?

  4. Course of Action • Buying: - 3 Year fixed APR loan - 3 Year Traditional Financing • Leasing: - 3 Year Terms - Service Plan

  5. Resources • http://www.nada.com/ ( Vehicles pricing, Tip and advising about lease vs. buy) • www.bmwusa.com ( vehicles about the chosen car) • Text Books • Others later on

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