By: Cody Danforth

1
POWERPOINT PRESENTATION

• By Cody Danforth

2
Buying a car

• 2004 Cadillac Escalade EXT
• Four speed Automatic transmission and Electronic
  Overdrive
• Has all wheel drive
• Base price is 58,820
• Has power mirrors, door locks, windows, seats,
  steering, moonroof and sunroof
• This car is at www.autotrader.com

3
Car Financing

• The principal is 56,269.04
• Down Payment is 0
• The interest rate is 5.91
• Monthly payment is 1,787.02

4
Lease vs. Buy

• Leasing allows use of newer car, but not the use
  of mileage
• Buying is owning a car, but you have to keep it
  in good running condition
• I would buy a car because
• I can use as much as mileage as I want

5
House/Apartment

• This house is in
• Moline IL
• Has four bedrooms
• and two bathrooms
• Square feet is1,325
• I found it on www.melfosterco.com

6
House/Apartment Finance

• Down Payment is 25,000
• The principal is 100,000
• The interest rate is 4.9
• Length of loan 15 year fixed
• Monthly Payment is 785.59

7
Buy vs. Rent

• Buying-creates equity, the interest is tax
  deductible
• Renting-landlord receives equity, but you are not
  responsible for major repairs
• I recommend buying because
• Better investment in the future

8
My Job

• Title Computer Online Customer Service
  Administrator
• Category Telecommunications
• Earn up to 5,000/mo and add up to 60,000/yr
• Education Need to speak English, and have good
  knowledge of the internet

9
Conclusion

• Car/house monthly payment is 2,572.61
• Monthly take home is 3,373.48
• Amount left over 800.87