2) You decide to buy a 2020 Subaru Outback for $30,000. Figure out the payments on the car loan for 5 years at your current credit score and applicable interest rate. Then project a 100 point raise in your credit score and applicable interest rate - what is that payment?

3) NOW - what is your vehicle "worth" after you make your final payment 5 years down the road? Hint: look at past vehicle prices and compare to current blue book values of those vehicles. Based on that, is it worth it to purchase this vehicle? Why or why not?

4) Vehicle loan payment: Assume you have decided to buy a cheap used car by borrowing $6,000 and you have offers for loans at 6,8, and 10 percent and each can be for 3,4, or 5 years. Make a spreadsheet that compares the monthly payment for each of the six loan arrangements. Which one is more attractive and why?

5) Rebate or Interest Rate Financing. Often auto dealers provide incentives for new car buyers. If you were offered a rebate of $2,000 or an interest rate of 3% for 5 years, which one would you choose? Why? What is the "cut off" for you?