List the steps in buying a car. What financial criteria should be considered? Discuss each briefly.
Answer to relevant QuestionsWhy is purchasing a new car online not as efficient as buying a new car at a dealership? What is home equity? Describe how a home equity loan works. Explain how collateral works. Do all loans have collateral? What is the relationship between collateral and interest rates? Tracy is borrowing $ 8,000 on a six- year, 11%, add- on interest loan. What will Tracy’s payments be? Why does the value of a home depend on the demand for homes? What factors influence the demand for homes?
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