What Will You Drive?
For this project, everyone will have a monthly car payment. Click on the car on the right to find the car of your choice. REMEMBER, you are fresh out of college! That porche might have to wait a few years.
RULE OF THUMB: You can afford a payment that is no more than 20% of your MONTHLY income. Using a calculator, take your monthly income and multiply it by .20 to see how much you can afford.
Find a reasonable car that gets good gas milage with minimal monthly payments.
RULE OF THUMB: You can afford a payment that is no more than 20% of your MONTHLY income. Using a calculator, take your monthly income and multiply it by .20 to see how much you can afford.
Find a reasonable car that gets good gas milage with minimal monthly payments.
Now Click On the Credit Card to Find Your Monthly Payment
Type in the price of your car.
The rest of the slots with dollar signs become 0.
The loan term stays at 36 months.
The Interest rate stays at 3.62%.
The rest of the slots with dollar signs become 0.
The loan term stays at 36 months.
The Interest rate stays at 3.62%.