Let's Buy a Car!
Using
KBB.com
1. Select Car Values (Pre Owned ) Find a pre owned vehicle that is of interest to you using the "What Should I Pay for a Used Vehicle" green button . Find the year, make, & model, that you would want. You will then be asked some other questions regarding the options you would want on the vehicle. Do this and you will be given a price that you would expect to pay either at a Dealership or from a private party selling the vehicle. Write down the information on the vehicle and the price.
2. Now select "New Car Pricing" and find a second vehicle that is of interest to you. Find its price.
3. Now that you have pricing on two vehicles, still on KBB.com using the "Research Tools" button select " Calculate Payments."
Use the following assumptions to find the cost to finance the car.
60 month loan
4% interest
0 Down and 0 Trade in Value.
Input the price for the used vehicle first and record the monthly payment. Then input the price for the new vehicle and record the price of the monthly payment. Remember both of the monthly payments are for a period of 5 years.
Please email the cars you selected with the purchase price and monthly payments. Include a photo of the car if you can find one. Please email to
Connor.roger@gmail.com
Happy Shopping!