Unit 12: Smart Spending Lesson 39: Automobiles—Lease or Purchase? Module 130: Comparing Total Cost of a Lease vs. Purchase

Match it! Select the correct answer from the pull down...Good luck!

True cost of the loan. Include interest and all finance charges

Step 1: Determine the PROBLEM to be solved or choice to be made. Step 2: List the ALTERNATIVES. Step 3: Establish CRITERIA. Step 4: Use the criteria to EVALUATE each alternative. Step 5: Make your DECISION.

The first step in the decision making process is to

When you get a car loan you will have to pay monthly payments plus _______

Something given as security for repayment of a loan, example pawn shop.

The car is used as _______ the loan, so, if you miss a payment, the lender can take the car.

Your monthly lease payments are typically much ------.

is the increase in the value of an asset with the passage of time. ex house