Question

You spend $35 each week on gas. Your monthly car payment is $260. You pay $400 every 6 months for insurance. You get your oil changed every 3 months which costs about $25. How much should you budget for monthly car expenses?

Answer 1

Given,

Amount spend on gas is $35/week.

Amount spend on payment is $260/month.

Amount spend on insurance is $400/6 month.

Amount spend on oil is $25/ 3 month.

Required

The monthly car expenses.

The monthly car expenses are,

$\begin{gathered} Monthly\text{ expense=30}\times\frac{35}{7}+260+\frac{400}{6}+\frac{25}{3} \\ =150+260+66.67+8.33 \\ =485 \end{gathered}$

Hence, the expense of the car is $485.