If the __init__ method is simple like this, you could a dataclass.

Directly answering your question, would be this:

from dataclasses import dataclass

@dataclass
class Vehicle:
    name: str
    kind: str
    color: str
    value: float

    def description(self) -> str:
        return "%s is a %s %s worth $%.2f." % (self.name, self.color, self.kind, self.value)

v1 = Vehicle("Fer", "convertible", "red", 60_000.0)
v2 = Vehicle("Jump", "van", "blue", 10_000.0)

But there are several improvements you could make to this.

• Limited kinds of vehicle Currently, kind can be any string, but presumably there are only a limited number of kinds of vehicle, so you could restrict to these. I would use an Enum.
• You have to specify everything even if there might be defaults
• Description could be a property
• Using formatted strings (the new standard)

Putting that all together would look like this:

from dataclasses import dataclass
from enum import Enum

class VehicleKind(Enum):
    CAR = "car"
    VAN = "van"
    CONVERTIBLE = "convertible"


@dataclass
class Vehicle:
    name: str
    color: str
    kind: VehicleKind = VehicleKind.CAR
    value: float = 100.0

    @property
    def description(self) -> str:
        return f"{self.name} is a {self.color} {self.kind.value} worth {self.value:.2f}"

v1 = Vehicle("Fer", "red", VehicleKind.CONVERTIBLE, 60_000.0)
v2 = Vehicle("Jump", "blue", VehicleKind.VAN, 10_000.0)

print(Vehicle("Default", "green").description)
# Default is a green car worth 100.00

Create an __init__ function, which takes self as an argument + the arguments passed to the instance that you cerate of Vehicle:

class Vehicle:    
    def __init__(self, name, kind, color, value):
        self.name = name
        self.kind = kind
        self.color = color
        self.value = value
    
    def description(self):
        desc_str = "%s is a %s %s worth $%.2f" % (self.name, self.color, self.kind, self.value)
        return desc_str
    

# your code goes here
car1 = Vehicle(name = "Fer",
               kind = "convertible",
               color = "red",
               value = 60000)
car2 = Vehicle(name = "Jump",
               kind = "van",
               color = "blue",
               value = 10000)

# test code
print(car1.description())
print(car2.description())

You can read more about this in the official Python documentation here.

PS: you can remove the variables that you put at the top of the Vehicle class as they can be defined in __init__.

class Vehicle:
    def __init__(self, name, kind, color, value):
        self.name = name
        self.kind = kind
        self.color = color
        self.value = value

    def __str__(self):  # this makes it a string if you want to print something
        return "%s is a %s %s worth $%.2f." % (self.name, self.color, self.kind, self.value)


# your code goes here
car1 = Vehicle(name="Fer", kind="convertible", color="red", value=60000.00)
car2 = Vehicle(name="Jump", kind="van", color="blue", value=10000.00)

# test code
print(car1) # the __str__ makes it so we don't have to call a function for this.
print(car2)