Instructions:
Buying a car is a big decision. Not only must you decide on the car, but you must also decide on a method of payment. Should you finance or should you pay cash? While it will cost more to finance, financing may be the better option given your budget.
This interactive application will help you explore combinations of down payments and monthly payments compared to what you would save by paying cash for a car. The application is based on a car price of $31,000 and 60 monthly payments. Click on "play" to enter down payment amounts. After entering the down payment, click on the "enter" key to do the calculations.
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