Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Car Loans

No description

Evan Royko

on 3 June 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Car Loans

Our Car
Show Me The Car Fax
0% APR or Cash Back
The 0% APR option is better because you would pay $42.02 less every month than you would with the cash back option.
If you could only afford $350/month payments, how much car would you be able to afford in the long run at 4% APR?
You would use the formula by plugging in .04 for the rate, and then solve for P. You would be able to afford $18,984.
Car Loan Project
Buying a Car
-research cars (safety, gas mileage, where it's made, brand, year/model)
-make sure it's a car you can afford each month
Parts of the Equation
m=total price
P= payment
r= rate (APR)
n= number of times you pay per year
t= number of years
-negotiate price with the car dealer to get the best scenario
-make sure it fits your lifestyle
-compare deals on prices/APR payments and decide which one is cheaper (apr=annual percentage rate)
It helps you figure out how much you would pay each month and you use it by simply plugging the numbers into the equation
-find best price for the car
-test drive the car
-consider getting a loan
manufacturers suggested retail price
Full transcript