1 / 6

Pay Cash for Your Car!

Learn how to save money to buy a car with cash and upgrade to better cars over time. See how much your friends will overpay for their cars through financing.

rogerstewart
Download Presentation

Pay Cash for Your Car!

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Pay Cash for Your Car! You can buy a good used car for around $3,000. This may seem like a lot right now, but let me show you how easy it can be…

  2. Car Details: Year: Make: Model: Miles: Defects: Features that you like about this car: Let’s say you work part time after school and on weekends. If you make $100 a week and save it all, you’ll have $3,000 for a car in only eight months. Instructions: Find a car for sale online that you can buy with $3000. Paste a screenshot of the page above. Type the required info in the text box to the right.

  3. Car Details: Year: Make: Model: Miles: Defects: Features that you like about this car: Now, your $3k car has helped you get a job and now you can save a little more. What if you save $475/mo for 10 months?Now you have $4750. Let’s say your $3k car is now only worth $1500… For a total of $6,250 to upgrade. Instructions: Find a car for sale online that you can buy with $6,250. Paste a screenshot of the page above. Type the required info in the text box to the right.

  4. Car Details: Year: Make: Model: Miles: Defects: Features that you like about this car: Let’s say you keep saving that $475. In 10 months you’ll have another $4,750And your current car probably hasn’t decreased much in value…You can step up again to an $11,000 car! Instructions: Find a car for sale online that you can buy with $11,000. Paste a screenshot of the page above. Type the required info in the text box to the right.

  5. Car Details: Year: Make: Model: Miles: Defects: Features that you like about this car: What if you keep paying yourself that $475 for 6 more years…And put that money in a mutual fund that earns a higher interest rate.You’re probably ready to get rid of that $11k car and it probably doesn’t have much value left. But you have a Car Replacement Fund of about $32,000! Instructions: Find a car for sale online that you can buy with $32,000. Paste a screenshot of the page above. Type the required info in the text box to the right.

  6. You now have a $32,000 car and NO DEBT!Your friends just bought new cars, too… Suzy Bought a 2019 Camaro John bought a 2019 Dodge Truck Calculate how much your friends will OVERPAY for their car: Monthly Payment X60 _______________ Total Paid -Original Price _______________ Total OVERPAID • Car Price • Payments (60 month loan) • Interest Rate • How much will John OVERPAY for his Truck? • Car Price • Payments (60 month loan) • Interest Rate • How much will Suzy OVERPAY for her Camaro?

More Related