Final answer:
When deciding between a used car and a new car, consider factors like cost, maintenance, and warranties. Choosing a car with higher MPG can save you money on gas. Create a plan outlining the type of car you want, its cost, and how you'll pay for it.
Step-by-step explanation:
When deciding between a used car and a new car, there are several factors to consider. Used cars are generally less expensive upfront, but may require more maintenance and repairs over time. New cars come with warranties and have the latest features, but they are more expensive.
Choosing a car based on its MPG (miles per gallon) is important for fuel efficiency and cost savings. A car with higher MPG will save you money on gas in the long run.
The ideal amount to pay for a car depends on your budget and financial situation. Consider how much you can afford to pay each month, taking into account other expenses and savings goals. It's also important to think about how much you are willing to work to pay for the car, both during school and over the summer.
Once you have decided on the type of car you want, document your decision process by listing the factors you have considered and options you have ruled out. This will help you justify your choices to your parents.
For your plan, outline the type of car you want, including the make and model, and provide the estimated cost based on the deductible you choose. Explain how you plan to pay for it, whether it's through savings, an auto loan, or another financial arrangement. Don't forget to account for gas money in your plan as well.