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7. Car Loans Wrap Up

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Great job researching and tracking loan payments and interest.

Most people take out some kind of loan in their lives.

Knowing how much your monthly payment will be and how much you will spend in interest will help you make financial decisions that work best for you.

But loan amounts and interest aren’t the only costs to take into consideration.

Car purchases also involve finance charges, add-ons, taxes, insurance, and a myriad of fees.

Spreadsheets can help you keep track of all these costs, too.

Account for as many of these costs as you can, and make sure to investigate every line of your agreement before you actually make a purchase!

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Attributions
  • "Payday Loans Neon Sign" by Jason Comely (https://www.flickr.com/photos/rinkjustice/4069633895) -- Licensed by CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/) -- Image scaled up, cropping edges
  • "Bank Sign Board" by Mark Moz (https://www.flickr.com/photos/106574022@N04/10797463656) -- Licensed by CC BY 2.0 (https://creativecommons.org/licenses/by/2.0/) -- Image scaled up, cropping edges