Discuss the implications of your credit score

Assignment Help Other Subject

Reference no: EM13788607

For Assignment you will write an essay to address the requirements described below. Your essay must be carefully planned and written using well-constructed sentences and paragraphs. Make sure that your grammar and spelling are correct. Points will be awarded for content as well as composition. Your essay must be a minimum of 1 page in length with standard 1 inch margins and is required to have at least one reference from a reliable source. This means that you cannot use sites like Wikipedia, Ask.com®, and Yahoo® answers and that only references from reliable sources will earn points. All resources should be cited both as an in-text citation as well as being listed on a reference page in APA format.

Essay Assignment

Your Assignment is to write an essay discussing the financing of a new car for your business.

The price of the used car is $20,000. Sales tax on this car is 8.4% of the price of the vehicle. You intend to finance the entire cost of the car and sales tax, less a down payment of $1,500. You intend to finance the car for 48 months and your car payment will be $455.12 per month.

Your essay should in include the following information

1. Calculate and discuss the amount financed, the installment price of the new car, and the finance charges you will pay over the life of the loan.

2. Compare and contrast the advantage of paying cash and financing the vehicle over a shorter period of time, as well as, the impact of finding lower interest rates.

3. Research and discuss the advantages of having good credit versus poor credit when qualifying for a loan. Discuss the implications of your credit score on the interest rates you may qualify for.

Your essay should be complete and cover each point as outlined above. Be sure to include at least one text citation.

Reference no: EM13788607

Questions Cloud

Conduct a swot analysis on leading auto company : Conduct a S.W.O.T. analysis on Leading Auto Company. In a minimum of 250 words, describe how Leading Auto Company can utilize this information to its benefit.

Fundamental concepts of human interaction from perspective : Describe the specific behaviors and the context in which they occurred. Using social psychology concepts, provide an analysis of possible precursors and consequences of the behaviors

What is the correct make-or-buy decision : If Neely Manufacturing Company can purchase the component externally for $190,000 and only $5,000 of the fixed costs can be avoided, what is the correct make-or-buy decision?

Methods of dealing with prison crowding : The goal of community corrections is to prepare offenders for reentry into society gradually through the and Methods of dealing with prison crowding include

Discuss the implications of your credit score : Calculate and discuss the amount financed, the installment price of the new car, and the finance charges you will pay over the life of the loan.

Typical movement of energy through an ecosystem : What substances are produced by photosynthesis? By cellular respiration?

Explain relationships between individuals on the pedigree : relationships between individuals on the pedigree.

Contrast normal and abnormal psychology : Compare and contrast normal and abnormal psychology. Examine at least two mental disorders and two mental illnesses from the perspective of psychology.

Competitive advantage can best be described as : 1. Competitive advantage can best be described as: 2. Which one of the following factors is considered to make an organization's resources unique?

User Account

All Pages