Team 3 Brian Calvendra Ryan Ketchum Jess Mcraney Sean Duque

 Determine travel costs during retirement for a Chevy Tahoe while staying in 4 star hotel  Determine travel costs during retirement for a Sportscoach Cross Country  Compare the two scenarios and provide analysis on which is the better option

 Credit Score —> APR  Insurance  Maintenance  Gas Inflation  Miles Driven  Times Traveled/Year  Hotel Price/Night (SUV)  KOA Price/Night (RV)

2009 Sportscoach Cross Country MSRP$120,000 APR7% n (years)20 Down Payment10% Insurance ($/yr)$800 MPG5 Diesel ($/gal.)$3.75 Miles/Trip1500 Maintenance ($/yr)$1700

2009 Chevy Tahoe MSRP$38,000 APR5% n (years)5 Down Payment10% Insurance ($/yr)$600 MPG18 Diesel ($/gal.)$3.50 Miles/Trip1800 Maintenance ($/yr)$1200

 Chevy Tahoe ◦ 20 Year useful life ◦ $300/night ◦ Total: $275,  RV ◦ 20 year useful life ◦ $40/night ◦ Total: $330,546.58

 Chevy Tahoe ◦ 11 Year useful life ◦ $2000 salvage value ◦ $300/night ◦ Total: $316,  RV ◦ 20 year useful life ◦ $40/night ◦ Total: $330,546.58

 Chevy Tahoe ◦ 8 Year useful life ◦ $6000 salvage value ◦ $275/night ◦ Total: $328,  RV ◦ 20 year useful life ◦ $40/night ◦ Total: $330,546.58

 Chevy Tahoe ◦ 11 Year useful life ◦ $2000 salvage value ◦ $275/night ◦ Total: $302,  RV ◦ 20 year useful life ◦ $0/night ◦ Total: $308,146.58

 Chevy Tahoe ◦ 8 Year useful life ◦ $6000 salvage value ◦ $300/night ◦ Total: $342,  RV ◦ 20 year useful life ◦ $0/night ◦ Total: $308,146.58

 Traveling by SUV and living in hotel is slightly preferred overall…  BUT! With some adjustments, traveling by RV is a possibility.

 All-State Insurance       