FHCE 3200 Lecture Notes - Lecture 11: Refinancing

• School: University of Georgia
• Department: Financial Planning, Housing and Consumer Economics
• Course: FHCE 3200
• Professor: Goren

Document Summary

Average americans owns 10-15 cars across life. Most expensive assets next to our homes. Buy new: start at 0, add as many as you want/can. Lease: start low, limited to 12,00-15,000 per year. Buy new: need to sell the old one, purchase a new one. Lease: can get a new one at the end of each lease term. Buy new: the (high) total cost of the vehicle (plus interest) Buy used: the (lower) total cost of the vehicle (plus interest) Consider price, interest, insurance, taxes, gas, other fees. Check with several dealerships, online sales, and private citizens: get price in writing. Do(cid:374)"t fall for tri(cid:272)ks (cid:862)you ha(cid:448)e to (cid:271)u(cid:455) toda(cid:455) to get this pri(cid:272)e(cid:863) If (cid:455)ou do(cid:374)"t fi(cid:374)d a deal (cid:455)ou like, wait. The average senior graduates with ,172 in student debt. . 28 trillion in total u. s. student loan debt. 44. 2 million americans with student loan debt. Average monthly repayment (for borrower aged 20 to 30 years): .