Car buying quiz

GOOD CREDIT: Financed @ 60 months

TOTAL PRICE OF THE VEHICLE $100,531

INTEREST RATE % 3.9

DOWN PAYMENT REQUIRED $ 5,000

FINANCED AMOUNT $ ______________

MONTHLY CAR PAYMENT $ _________

TOTAL INTEREST PAID $ _____________

What is the TOTAL INTEREST PAID

• $3,726

• $3,715

• $3,730

• $4,000

GOOD CREDIT: Financed @ 60 months

TOTAL PRICE OF THE VEHICLE $100,531

INTEREST RATE % 3.9

DOWN PAYMENT REQUIRED $ 5,000

FINANCED AMOUNT $ ______________

MONTHLY CAR PAYMENT $ _________

TOTAL INTEREST PAID $ _____________

WHAT IS THE FINANCED AMOUNT?

• $99,257

• $104,257

• $100,190

GOOD CREDIT: Financed @ 60 months

TOTAL PRICE OF THE VEHICLE $100,531

INTEREST RATE % 3.9

DOWN PAYMENT REQUIRED $ 5,000

FINANCED AMOUNT $ ______________

MONTHLY CAR PAYMENT $ _________

TOTAL INTEREST PAID $ _____________

WHAT IS THE MONTHLY CAR PAYMENT?

• $1,670

• $1,738

• $1,654

Financed @ 72 months

TOTAL PRICE OF THE VEHICLE $47,410

INTEREST RATE % 8.9__

DOWN PAYMENT REQUIRED $ 3,000_

FINANCED AMOUNT $ ______

MONTHLY CAR PAYMENT $ _______

TOTAL INTEREST PAID $ _______

WHAT IS THE FINANCED AMOUNT?

• $48,362

• $54,896

• $51,629

Financed @ 72 months

TOTAL PRICE OF THE VEHICLE $47,410

INTEREST RATE % 8.9__

DOWN PAYMENT REQUIRED $ 3,000_

FINANCED AMOUNT $ ______

MONTHLY CAR PAYMENT $ _______

TOTAL INTEREST PAID $ _______

WHAT IS THE INTEREST PAID?

• $3,952

• $4,328

• $4,619

Financed @ 72 months

TOTAL PRICE OF THE VEHICLE $47,410

INTEREST RATE % 8.9__

DOWN PAYMENT REQUIRED $ 3,000_

FINANCED AMOUNT $ ______

MONTHLY CAR PAYMENT $ _______

TOTAL INTEREST PAID $ _______

WHAT IS MONTHLY CAR PAYMENT?

• $717

• $672

• $762

FAIR CREDIT: Financed @ 60 months

TOTAL PRICE OF THE VEHICLE $14,830_______________

INTEREST RATE % 5.9_________________

DOWN PAYMENT REQUIRED $ 2,000________________

FINANCED AMOUNT $ _____________________

MONTHLY CAR PAYMENT $ _____________________

TOTAL INTEREST PAID $ _____________________

WHAT IS THE TOTAL INTEREST PAID?

• $993

• $875

• $ 757

FAIR CREDIT: Financed @ 60 months

TOTAL PRICE OF THE VEHICLE $14,830_______________

INTEREST RATE % 5.9_________________

DOWN PAYMENT REQUIRED $ 2,000________________

FINANCED AMOUNT $ _____________________

MONTHLY CAR PAYMENT $ _____________________

TOTAL INTEREST PAID $ _____________________

WHAT IS THE FINANCED AMOUNT?

• $13,587

• $16,705

• $17,823

FAIR CREDIT: Financed @ 60 months

TOTAL PRICE OF THE VEHICLE $14,830_______________

INTEREST RATE % 5.9_________________

DOWN PAYMENT REQUIRED $ 2,000________________

FINANCED AMOUNT $ _____________________

MONTHLY CAR PAYMENT $ _____________________

TOTAL INTEREST PAID $ _____________________

WHAT IS THE MONTHLY CAR PAYMENT

• $226

• $262

• $297

FAIR CREDIT: Financed @ 72 months

TOTAL PRICE OF THE VEHICLE $20,515_______________

INTEREST RATE % 4.15_________________

DOWN PAYMENT REQUIRED $ 2,052________________

FINANCED AMOUNT $ _____________________

MONTHLY CAR PAYMENT $ _____________________

TOTAL INTEREST PAID $ _____________________

WHAT IS THE TOTAL INTEREST PAID?

• $851

• $937

• $766