Buying a used car

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.