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Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #1: 1997 BMW 318i.

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Presentation on theme: "Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #1: 1997 BMW 318i."— Presentation transcript:

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7 Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #1: 1997 BMW 318i Loan Company #1: Pentagon Federal Credit Union $2,3611.49%≈0.12%36$67.10 Loan Company #2: myAutoloan.com $2,3611.65%≈0.14%36$67.26 Loan Company #3: Wells Fargo Bank $2,3616.74%≈0.56%36$72.62 Loan Company #4: U.S. Bank $2,3612.83%≈0.24%36$68.48 Loan Company #5: Bank of America, N.A. $2,3612.79%≈0.23%36$68.44

8 Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #2: 1998 Ford Mustang Base Loan Company #1: Pentagon Federal Credit Union $1,499.501.49%≈0.12%36$42.62 Loan Company #2: myAutoloan.com $1,499.501.65%≈0.14%36$42.72 Loan Company #3: Wells Fargo Bank $1,499.506.74%≈0.56%36$46.12 Loan Company #4: U.S. Bank $1,499.502.83%≈0.24%36$43.50 Loan Company #5: Bank of America, N.A. $1,499.502.79%≈0.23%36$43.47

9 Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #3: 2007 Honda Accord Loan Company #1: Pentagon Federal Credit Union $5,998.501.49%≈0.12%36$170.46 Loan Company #2: myAutoloan.com $5,998.501.65%≈0.14%36$170.90 Loan Company #3: Wells Fargo Bank $5,998.506.74%≈0.56%36$184.50 Loan Company #4: U.S. Bank $5,998.502.83%≈0.24%36$173.99 Loan Company #5: Bank of America, N.A. $5,998.502.79%≈0.23%36$173.89

10 Car Loan Company Loan Amount Yearly Interest Rate Monthly Interest Rate Length of Loan (in months) Monthly Loan Payment Car #4: 2008 Volkswagen GTI Loan Company #1: Pentagon Federal Credit Union $6,997.501.49%≈0.12%36$198.97 Loan Company #2: myAutoloan.com $6,997.501.65%≈0.14%36$199.36 Loan Company #3: Wells Fargo Bank $6,997.506.74%≈0.56%36$215.23 Loan Company #4: U.S. Bank $6,997.502.83%≈0.24%36$202.97 Loan Company #5: Bank of America, N.A. $6,997.502.79%≈0.23%36$202.85

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13 1997 BMW 318i = Blue 1998 Ford Mustang Base = Purple 2007 Honda Accord = Black 2008 Volkswagen GTI = Green 1997 BMW 318i = Blue 1998 Ford Mustang Base = Purple 2007 Honda Accord = Black 2008 Volkswagen GTI = Green

14 Car Name Monthly Maintenance Costs Monthly Loan Payment Monthly Insurance Cost Average Monthly Fuel Cost Total Monthly Cost 1997 BMW 318i $200$67.10$87.99$14.91$370 1998 Ford Mustang Base $510$42.62$82.83$20.34$655.79 2007 Honda Accord $33.92$170.46$115.86$16.27$336.51 2008 Volkswagen GTI $50$198.87$128.53$17.62$395.02

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