What strategies would you use in shopping for the auto loan

Reference no: EM133536656

Assignment: Finance

Part I: Go to Edmunds website and/or Kelley Blue Book website. Research a hypothetical vehicle that you may would care to purchase.

Question 1. How could you use the site(s) to obtain the best price for the vehicle (Note: Invoice and MSRP prices)?

Question 2. Would you either buy or lease the vehicle?

Question 3. What is your rationale?

Question 4. What are advantages / disadvantages with either leasing or buying?

Question 5. For your researched vehicle, use an online purchase calculator to calculate the payments for the vehicle. Here is a link to an online car payment calculator.

Question 6. What would be the loan terms that would be needed to afford the monthly payments for the vehicle to fit your budget?

Question 7. What strategies would you use in shopping for the auto loan? If not purchasing, what would be the lease payments?

Part II: Go to Zillow website and/or Realtor website. Research a hypothetical home that you would purchase.

Question 1. How could you use the site(s) to obtain the best price for the home? Also research mortgage interest rates for your area of location and desired loan amount.

Question 2. For your researched home and mortgage interest rate, use an online purchase calculator to calculate the payments for the home such as this one: Calculator.

Question 3. What would be the loan terms that would be needed to afford the monthly payments for the home to fit your budget? What amount would you have to raise and put down as a down payment?

Question 4. What strategies would you use to shop for the home loan?

Question 5. In addition to the monthly principal and interest payments, what other payments (i.e taxes, insurance, HOA) would be needed to constitute the entire monthly payment for the home?

Question 6. What would the total monthly amount be?

Reference no: EM133536656

Questions Cloud

What would you do next in your investigation : Identify what this data analysis indicates as far as the possibility of fraud you think may have been committed. What would you do next in your investigation?

Describe the selected era point on the timeline : Describe the selected era/point on the timeline. Cite and briefly explain the article/document(s) the timeline attached to the era/point you selected.

What extent do you not venerate psychology generally : Consider the following open-ended survey question and list at least three issues with the way this question is worded, then create a new question(s) to avoid

How do you feel technological and social advancements have : which do you find most helpful in examining the complex construct of "sexuality?" and why? How do you feel technological and social advancements have impacted

What strategies would you use in shopping for the auto loan : What strategies would you use in shopping for the auto loan? If not purchasing, what would be the lease payments? What would the total monthly amount be?

What is meant by the ethical guideline of informed consent : find a journal article about a research study. Indicate from the journal article: Indicate the URL address of the journal article.

Difference between prosthetic limb and bionic limb : What should I start doing to minimize my risk of acquiring and transmitting bacteria? What is the difference between a prosthetic limb and a bionic limb?

HIV attacks contribute to the immune system : How do the cells that HIV attacks contribute to the immune system? Which cell does the HIV virus attack?

Describe an additional example of a culture-bound syndrome : Describe an additional example of a "culture-bound" syndrome (you can look this up on the Internet). Can you think about particular beliefs or values that can

User Account

All Pages