Alright, let's break down the cost for a car priced at $600,000:
Yearly:
$600,000 ÷ 1 = $600,000/year
Monthly: Dividing the yearly amount by 12 months:
$600,000 ÷ 12 = $50,000/month
Daily: Dividing the yearly amount by 365 days:
$600,000 ÷ 365 = $1,643.84/day
For financing options, let's consider a common scenario of a 5-year loan at an interest rate of 4%:
Yearly: Using a car loan calculator, for a loan amount of $600,000 at 4% interest for 5 years, the yearly payment would be approximately:
$131,982/year
Monthly: Dividing the yearly payment by 12:
$131,982 ÷ 12 = $10,998.50/month
Daily: Dividing the yearly payment by 365:
$131,982 ÷ 365 = $361.59/day
Keep in mind that these figures don't take into account any down payment, which would reduce the financed amount and thus the yearly, monthly, and daily payments. Additionally, taxes, fees, insurance, and maintenance costs are not included in these calculations.
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