| A | B |
|---|
| key cost items in the purchase of a new car | rebates, downpayments, sales tax, lease terms |
| first months rent, security deposit | one time renting payments |
| trade-in value is important when | buying a car |
| these people do not have the maintenance costs associated with home ownership | renters |
| type of car insurance covers damage or loss to a vehicle from fire, theft, vandalism, hail, and other causes | bodily damage |
| basic homeowners insurance category covers the extra costs of living incurred when your home is unavailable due to damage | additional living expense |
| the loss in value of property caused by aging and use | depreciation |
| when taking out a mortgage loan what is the amount of money borrowed to purchase the home called | principal |
| The market value of a car when it is sold to someone else | resale value |
| . The money paid to an insurance company for property insurance | premium |
| budget expenses-income from other sources | assessed value |
| the amount of the total money paid that was spent on interest | finance charge |
| 2 things that must be paid in cash when buying a home | down payment, closing costs |
| cost of house-down payment= | amount must borrow from bank(principal) |
