Purchasing a New Car

How will you finance a car? Play with the Car Loan Calculator. First identify a sample of new or used cars you would like to own, and for each choice calculate what your down payment, monthly loan payments, and term of payment would be. How much would you need to buy a car and where would that money come from? How much could you afford to pay each month a. for how long? How could you modify your budget to accommodate car payments?

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