Buying a Car

When buying a car, you want to consider how much you can afford for a monthly payment, what a trade-in or down payment may be, and the interest rate offered by the lender. We will use the TVM app on the TI-84 calculator to solve these examples.

I also discuss add-on interest, which is NOT an amortized loan. Some texts discuss this method, so I wanted to include it here. I will not teach this method to my students.

Here is a blank script that you can use to follow along with the video. Finance Car Loans Blank Script.pdf

Here is a filled-in script taken from the video. Finance Car Loans Key.pdf

Here is an accessible version of the key from the video. Finance Car Loans Accessible Key.pdf

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