Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #1: 1997 BMW 318i.

Slides:

Advertisements

Similar presentations

Cost of credit 18-2.

Advertisements

Buying and Maintaining a Car Practical vs. Fantasy.

What Car Can I Afford? Lowery Financial Literacy.

Simple Interest I =Prt I = Interest P = Principle r = rate t = time

COLORING WITH NUMBERS. NumbersNumbers NumbersNumbers

Credit Card Payments What is the balance? What is the annual interest rate? What is your monthly payment?

Press Ctrl-A ©G Dear 2009 – Not to be sold/Free to use Cost of a Loan Stage 5 - Year 10.

Honda Accord Sedan Description LX 2.4L 4-cyl. engine Manual transmission Up to 23 cty/33 hwy mpg MP3 Player Side/Curtain Airbags Stability control Traction.

Cars BMW M5 What Cars Are Most Popular? Cars Makers Profit Amount Per CarAmount SoldTotal Profit BMW $ 48, ,000,000 $ 5,808,000,000,

8.3 Installment Buying. Installment Buying basically means you take out a loan to purchase some product or service: Home Car Credit Card (Visa, MasterCard,

Group 3. Members  Chandler Hwe – Research Dealer Maintenance Costs  Michael Relich – Research Third Party Maintenance Costs.

Gary Galvin Presents….  Mustang is a pr0duct of the Ford Motor Company  Original model was created in 1964  Ford Mustang has been released in several.

Science and Math of Cars/Cycles/Bikes Buying/ Ownership What makes them work?

Charleston, SC – $75,401  One Bedroom Apartment Rent/Month – $815  Groceries – $302 (1 person/month)  Car Payment – $509/month (Honda Accord EX-L.

The Price of Education. Average Salaries No High School Diploma: $20,241 a year No High School Diploma: $20,241 a year 15% tax -> $17, a year or.

Loans and Loan Types. Loans are used for many reasons Feed, seed and fertilizer purchases Machinery,livestock,and equipment purchases Land,building,and.

Gabriela Martinez 11/10/08 Honda Civic Honda Civic  Crash test rating: Good  MPG: 25 city/34 hwy miles  Affordable used car.

TRANSPORTATION What are transportation options in your community? Average person spends 17% of their income on transportation. The breakdown is: 5.4% on.

Personal Finance Savings and Checking Accounts. How Banks (Do Not) Work Banks do not hold all of our money when we deposit it.

LIFE SCENARIO Personal Finance. 1)You make custom bicycles; if you price them at $500 you will sell 300 bikes. If you sell them at $200 you will sell.

Section 5-1 Monthly Payments. What do you know about Credit? Credit is whenever goods, cash, or services are provided in the promise to pay at a future.

AG CREDIT. SHORT TERM ▸ To finance operating costs ▸ one month to a year ▸ purchase consumables - fuel, fert. seed, chemicals, etc. ▸ Personal level -

MAJOR EXPENDITURES: TRANSPORTATION AND FOOD Personal Finance Mrs. Bullock.

Chapter 16 Part I. Laws of Ownership There are laws from different sources to protect buyers and sellers Vehicles are considered “goods” The “Uniform.

Banks & Credit Unions What’s the difference? Do’s of Checking Track your expenses Track your balance Set up e-alerts or text alerts.

Loan To Own. 2 You Will Know  The different types of consumer installment loans and  The right consumer installment loan for your needs.

Ford 1. Ford 2 Ford 3 Ford 4 Ford 5 Ford 6 Ford 7.

Interest (ing) Notes How to Calculate Simple Interest 2/11/10 Pre-Algebra.

Let your money, make you money!! If it was guaranteed that if you invested $100 every month for 40 years (for a total investment of $48,000) that the money.

A Month In A Life. About Me: PROFESSION: Facts about job:

Loans Step One Look at the loan application from SJB Federal Credit Union –LINKLINK FICO Fair Isaac and Company ScoreFair Isaac and Company –300 to 900.

CUSTOMS TRANSIT INSURANCE IN RUSSIAN FEDERATION.  Federal Customs Service of Russian Federation with its letter of 14 October, 2013 №01-11/45617 has.

A right triangle is shown below. The triangle is dilated by a scale factor of 3.5 to create a new triangle. What is the area of the new triangle? A. 24.

Banking Chapter 5 – Selecting Financial Services & Institutions.

SCORE SOME POINTS UNDERSTANDING AND RAISING YOUR CREDIT SCORE.

The Dave Car…. The True Cost of Ownership – Pick a new car to research – Use a search engine to find the “true cost to own”.

Chapter 6 In-Class Notes. Background on Personal Loans Sources of Loans Chartered banks, finance companies, credit unions, family and friends Contents.

MAJOR EXPENDITURES: HOUSING Personal Finance Mrs. Virts.

Number of Payments Interest Rate Amount Borrowed Monthly Payment Total Cost of Interest Creditor A7214%$7,500.00$154.54$3, Creditor B6014%$7,500.00$174.51$2,

High School Math Teacher – Cobb County AND Part-time Tutor Annual Starting Salary - $42, Tutoring income $8,320 - Teaching income $34,427 Pre-Tax.

By: Robert Harold Jr.. I am Robert Harold Jr. Status: Single Sex: Male Age: 54 years old Job: Contractor Residence: Shoreline, Washington Needs: Big enough.

Pre-test.  A. Your age  B. The length of time you have had the card  C. The amount of money you owe on your credit card  D. The terms and conditions.

UGHH… Loans and Repayment. Define or Answer Key Vocabulary Terms Principal Interest Loan  Give 2 examples of types of loans a person can get Loan Term.

Responsibilities and Costs of Credit

Types of Credit. Loans Borrowing a specific amount for a certain period of time.

How to Improve Your Credit Score Who Determines your Score? Three Credit Bureaus:

MAJOR EXPENDITURES: TRANSPORTATION Advanced Level.

High Interest Loans Types of Loans that Carry High Interest Rates.

Let your money, make you money!! If it was guaranteed that if you invested $100 every month for 40 years (for a total investment of $48,000) that the money.

1 Getting a strong start Money Management A project of Consumer Action | Funded by Consumer Action’s Money Management Project.

© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Chapter 8 LESSON 8.2 Savings Institutions and Accounts Objectives: By the end of class,

Cars and the Consumer An automobile is one of the most important purchases many people will make. An automobile is one of the most important purchases.

How Do I “Manage” My Money?

The ABC’s of Money and Banking

FEI Professional Development Session September 21, 2017

Who Determines your Score? Three Credit Bureaus:

It’s just as exciting as you think!

Credit Scores Interest on Debt and Interest on Savings

Federal Reserve Bank of St. Louis

Understanding Your Credit Score

What Color is it?.

Research Conducted by Micaela, Lorissa, and Maddie

Let your money, make you money!!

One to the World By Kaleb and Tyler.

Buying a New Car.

WARMUP Daniel wanted a new flatscreen TV that cost $799. He could purchase it with 10% down and installment payments of $70 per month for 12 months.

Presentation transcript:

Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #1: 1997 BMW 318i Loan Company #1: Pentagon Federal Credit Union $2, %≈0.12%36$67.10 Loan Company #2: myAutoloan.com $2, %≈0.14%36$67.26 Loan Company #3: Wells Fargo Bank $2, %≈0.56%36$72.62 Loan Company #4: U.S. Bank $2, %≈0.24%36$68.48 Loan Company #5: Bank of America, N.A. $2, %≈0.23%36$68.44

Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #2: 1998 Ford Mustang Base Loan Company #1: Pentagon Federal Credit Union $1, %≈0.12%36$42.62 Loan Company #2: myAutoloan.com $1, %≈0.14%36$42.72 Loan Company #3: Wells Fargo Bank $1, %≈0.56%36$46.12 Loan Company #4: U.S. Bank $1, %≈0.24%36$43.50 Loan Company #5: Bank of America, N.A. $1, %≈0.23%36$43.47

Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #3: 2007 Honda Accord Loan Company #1: Pentagon Federal Credit Union $5, %≈0.12%36$ Loan Company #2: myAutoloan.com $5, %≈0.14%36$ Loan Company #3: Wells Fargo Bank $5, %≈0.56%36$ Loan Company #4: U.S. Bank $5, %≈0.24%36$ Loan Company #5: Bank of America, N.A. $5, %≈0.23%36$173.89

Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #4: 2008 Volkswagen GTI Loan Company #1: Pentagon Federal Credit Union $6, %≈0.12%36$ Loan Company #2: myAutoloan.com $6, %≈0.14%36$ Loan Company #3: Wells Fargo Bank $6, %≈0.56%36$ Loan Company #4: U.S. Bank $6, %≈0.24%36$ Loan Company #5: Bank of America, N.A. $6, %≈0.23%36$202.85

1997 BMW 318i = Blue 1998 Ford Mustang Base = Purple 2007 Honda Accord = Black 2008 Volkswagen GTI = Green 1997 BMW 318i = Blue 1998 Ford Mustang Base = Purple 2007 Honda Accord = Black 2008 Volkswagen GTI = Green

Car Name Monthly Maintenance Costs Monthly Loan Payment Monthly Insurance Cost Average Monthly Fuel Cost Total Monthly Cost 1997 BMW 318i $200$67.10$87.99$14.91$ Ford Mustang Base $510$42.62$82.83$20.34$ Honda Accord $33.92$170.46$115.86$16.27$ Volkswagen GTI $50$198.87$128.53$17.62$395.02