When buying a used car we used edmunds.com and cars.com to find a car to our taste we seacrched prices between our budget range and used a loan calculator to figure out how much we would be paying if we would have a loan from TFCU. I learned that you not only gain many things from buying a a car but you also lose many things.
1. Budget: The amount of money being borrowed or lent.
2. Goals: A summary of estimated expenses for a given period.
3. Savings: A fund of money put by as a reserve
4. Research: Inquiry or examination of a topic
5. Income: B. Cash or cash-equivalents received from work (wage or salary).
6. Opportunity: The things we will gain from an item or experience.
7. Trade offs: The things we will lose or give up for and item or experience
8. Loan Calculator: I . Digital computation that allows a borrower to see how much the payment will be.
9. Interest rate: E. A rate which is charged or paid for the use of money.
10. Term of loan: Period over which a loan agreement is in force.
11. Down Payment: F. A partial payment made at the time of purchase.
12. Principal: H. The result or achievement toward which effort is directed.