More Bills--Most people get loans to buy a car. This means they don't pay the total price all at once. Instead, they pay a smaller amount every month until they have paid for the whole thing.
1. Go to this link for a loan calculator.
2. Enter the total price of each of your cars in "Price of the car you want"
3. Leave Down Payment and Trade-in Value as $0.
4. Leave Length of Loan as 48 months (4 years).
5. Type 5% for APR (this is the interest rate)
Go back to Q9. Now you know how much you will have to pay each month for the cars you are interested in.
a) Which car do you want to buy? How much does it cost each month?
b) Sign a check for it! Mr. Hwung will show you how.