Financing Your

First Car
(2014 Ford Fiesta, Mallory Ogden,
Erica Grady, due 5/3/2021)
My First Car:

• Detailed specs and features for the Used 2014 Ford

Fiesta SE Hatchback including dimensions, horsepower,
engine, capacity, fuel economy, transmission, engine type,
cylinders, drivetrain and more.
• Price: $9,990
• Mileage: 79,405
• Location of Purchase: Jacksonville, FL
• The reason why I decided to purchase this car was
because of its small and welcoming compactness. I also
love the interior detailing and outside color.
• Since I have a budget of $15,000 and I only used around
$10,000 of it I’d still have $5,000 left over.
• I could make a monthly payment of $200 a month.
My Bank Options:
• The bank that I’ve chosen is Light Stream
• I picked this bank because, it has a 2.49% APR and Autopay. It also
seems the most popular with loans for Used Cars.
My Credit Union Options:
• I’ve decided to pick, Marshland
Credit Union as my credit union
option.
• The reason why I chose this
credit union is because it’s a
credit union that I am already
under.
My Calculations:
Comparing Loan Options:
Comparison with options of a down payment of
My Best Option:
• The reason why I choose this option is
because it was what the loan
calculator helped me produce
considering my budget and how much
the car is. I'm going to end up using
Marshland Credit Union because I'm
already tied with them and I feel safer
using it.
• I think that my car is a good car to buy
because it was under my budget and Id
still have money left over to help with
the payments.
Cited Sources:
• Home Loan Downpayment Calculator (mortgagecalculator.org)
• Used 2014 Ford Fiesta | Carvana
• Used Auto Loans | LightStream
• Marshland Credit Union | Personal & Business Banking (marshlandcu.co
m)