1) The car you can afford.

Home and car purchasing:

1) The car you can afford.

Using the link below and decide how expensive of a car you can afford given the monthly payments and down payment you can make. Input your information, and write a brief summary of the results and your observation on the results that you get if you finance an automobile at 4.5% over:

1) Three years

2) Four years

3) Five years

Link: https://www.timevalue.com/tcalc-financial-calculators

Select: Personal

Select: How much car can I afford

If the above link does not work, use the following link:

 https://www.moneyunder30.com/car-affordability-calculator

Based on the result that you got for the three year loan, using the internet, look for a car that fits your budget and tell me why you would chose that particular car. Use the knowledge you have gathered from the chapters in answering the question.

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