Loans, cars and homes.doc - Running head Wk 8 DQ1 Loans...

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Running head: Wk 8 DQ1: Loans, Cars & Homes 1 Wk 8 DQ1: Loans, Cars & Homes FNC 111 College of Staten Island Professor Robert Allen
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Wk 8 DQ1: Loans, Cars & Homes 2 Buying a car involves a lot of steps and requires a lot of time to think about your options and make an informed final decision. According to Montoya (2017), there are eight steps to take to get a car. 1) Research Vehicles and Features, you need to research for vehicles before-hand and you need to asses each one and see which one you like more. 2) Get Preapproved for a Loan, a preapproved car loan starts you on the right foot. You get an idea of how much you can afford, and you'll have an interest rate that you can then compare to the dealership's financing, which might have the lowest annual percentage rate. You may might need to research more than one lender or bank to see which one will work best for you. 3) Plan Your Trade-In, however, this step is not necessary. 4) Locate and Test-Drive the car, keep these do's and don'ts in mind: Do verify that the car you want is still in stock. It might have been sold recently, and online inventories can
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