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Post date: Dec 07, 2011 5:12:33 PM
Record all information on the following Google Doc. Make a copy so you can edit the Google Doc.
Step 1.
Find a Car online. Record the cost,Dealership or Website,fuel economy, Safety Features. Make and Model, and Picture. "Edmunds Car Buying Guide "or "Kelly Blue Book "
Step 2. Fill out the Chart below. with the online Calculator .
Step 3.
Provide a word processed summary of your project. Tell what you think your best loan option would be, and justify that conclusion and answer the 6 ?'s Below
From the chart below ,why would paying the the lowest interest rate not be the best option.
How would a Down payment affect the total cost of the loan. http://www.carloancalculator.me/
In what situation would the shortest time to repay the loan, not be the best option.
Which is better a Fixed or Variable loan
What is the difference between Leasing vs Financing a Car
What does Co-signing for a Loan mean.
Step 4. Read over AutoLoanApplication.docx (47k)
Calculate the monthly payment for your car for each option below using the monthly payment formula (neatly handwritten).
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