- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Introduction
- Determine How a Car Fits into Your Financial Plan
- Understand Key Issues of Auto Ownership
- Understand How to Buy or Lease a New Car and Understand the Lease Versus Buy Decision
- Understand the Challenges of Buying a Used Vehicle
- V. Understand the Special Challenges of Leasing
- Summary
- Assignments
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Case Study #2
Data:
Andrea is considering the following costs of owning a vehicle that was valued at and sold for $30,000.
Auto loan amount: $30,000 Duration: 4 years APR: 8.65% Property taxes: 2% of the vehicle value per year Sales taxes: 3% of the sales price Title and tags: $40 per year Maintenance and usage costs: $1,500 per year Insurance: $2,000 per year
Calculations:
Calculate the total cost of ownership in the first year.
