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| 5
KEYPOINTS TO FINANCING |
Ensure you understand
the following
parts of your
loan agreement
before you sign
anything.
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The exact price you are paying for the vehicle
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The amount of the purchase price that
you are “financing”
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The finance charge (the dollar amount this credit
will cost you)
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The number of payments you will be required to make
and the amount of the payment
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The total sales price (the sum of the monthly payments
plus the down payment)
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This agreement
represents a
legal document,
consultation
with an attorney,
if possible,
is always recommended.
To learn more,
join your financial
university here
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| DO
YOUR RESEARCH |
 If
there is a car that
you would like to
buy, learn everything
you can about it.
Go to
consumerreports.org,
visit their auto section.
Find your car and
others similar to
the one you like best.
Learn about pricing,
reliability and safety
recalls.
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| MONEY
MANAGER WORKSHEET |
There
are many things to
consider when buying
a car. The primary
focus is generally
on the purchase price
and the monthly payments.
Use the calculator
below to get a good
idea of a monthly
car payment, based
on:
- The amount being
financed
- The interest
rate
- The length of
the loan.
Use this calculator
as a tool to help
you find the “loan
amount” that
fits best within your
budget.
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| AUTO LOAN PAYMENTS CALCULATOR |
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This calculator does not take into account
taxes and insurance. The calculations
made by this tool are only estimates.
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GET THE RIGHT CAR
THE RIGHT WAY |
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| To
learn more, join your financial university
here |
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| VEHICLE
APPRAISALS |
New
Car Pricing,
Use Car Values |
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New
Car Pricing,
Use Car Values |
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Comparing
premiums is easier than ever, thanks
to online services such as INSWEB where
you can compare auto insurance rates
for free. |
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