Steps to Buying a Car
Step 1: Find a make and model.
· Used 2005 Ford F-150 FX4 Super Crew
· Around 100,000 miles
· 5.4L V 8-cylinder
· 4-speed automatic
· 13/17 mpg
Step 2: Determine how much money you will need to barrow.
· $10,000 total
· Down payment of $5,000
· Loan Principle = $5,000
Step 3: Get quotes from several lenders show bellow.
Step 4: Calculate monthly payments and total amounts paid.
Step 5: decide which loan makes the most sense for you.
Scenario 1 would make the most sense because, the monthly payments aren’t to expensive and the total cost is not too high above the initial total. Also it is a shorter amount of time to have to worry about payments toward the truck.
· Used 2005 Ford F-150 FX4 Super Crew
· Around 100,000 miles
· 5.4L V 8-cylinder
· 4-speed automatic
· 13/17 mpg
Step 2: Determine how much money you will need to barrow.
· $10,000 total
· Down payment of $5,000
· Loan Principle = $5,000
Step 3: Get quotes from several lenders show bellow.
Step 4: Calculate monthly payments and total amounts paid.
Step 5: decide which loan makes the most sense for you.
Scenario 1 would make the most sense because, the monthly payments aren’t to expensive and the total cost is not too high above the initial total. Also it is a shorter amount of time to have to worry about payments toward the truck.