6. List the monthly expenses that would need to be included in your monthly budget if you purchased/leased the vehicle.

7. You have been presented with two financing options for the new vehicle. One company is offering 0% financing. Another company is offering $2500 discount with 5.9% financing. You may want to make use of an on-line loan calculator to assist with your decision. Which company would you select if you planned on financing the loan over 4 years? Explain.

8. Your total monthly debts should not be more than 40% of your gross income. This is called the total debt service ratio or TDS ratio. Your other current debts include a credit card payment of $150/month and a mortgage payment of $790/month, how much would your annual gross pay have to be in order to purchase your vehicle?