1. First, you must find banks that are close to you.
   1. Go to http://www.mapquest.com/.
   2. Click on 'Maps'
   3. Under 'Find a Business', enter 'banks'
   4. Under 'Zip Code', enter the zip code
   5. Click on 'Get Map'. There will be a list of banks on the left hand side of the screen
   6. Choose one or two banks that are close to your home and write down the name, address, website (if listed), phone number, and number of miles from your home

   Bank
   Address
   Telephone
   Website
   Miles

   Bank
   Address
   Telephone
   Website
   Miles

2. Credit Unions offer many of the same services as banks. Locate credit unions that are close to you.
   1. Go to http://www.findacreditunion.com/
   2. If you want to learn more about credit unions, click on '.about us'
   3. Click on '.search' to find a credit union
   4. Enter the information.
   5. Click on the arrow next to 'search radius' near the bottom of the page. Click on '10 miles'.
   6. Click on 'Search for a Credit Union Match'
   7. Choose 1 or 2 credit unions that are close to your home.

   Credit Union
   Address
   Telephone
   Website
   Miles

   Credit Union
   Address
   Telephone
   Website
   Miles

    

3. Collect information about the interest rates for a used car loan.

   

   Interest rate is the amount of money that is charged for the use of money for a certain period of time. The amount of interest you pay depends on the amount of money you borrow* and the length of time that the money is borrowed. The length of time that the money is borrowed is called the loan term. Most of the time, the interest rate is lower for a shorter loan term.

   The amount of money you borrow is called principal. The principal amount for the used car you want to buy is $12,000.

   * Borrow means to receive money from someone and plan to return the money, usually the principal amount plus interest.

   Look at the bank and credit union websites to find the interest rates for used car loans. Look for key words like 'loans' or 'auto loans'. Sometimes you will need to click on 'loans' in order to find 'auto loans'.

   1. Enter the name of the bank or credit union in the first column of the worksheet.
   2. Enter the interest rates for 3, 4, and 5 year loans on the worksheet.

4. Calculate the monthly payment and the total cost of each of the loans.

   

    

   1. Go to http://www.automobilescars.com/
   2. Click on 'compute payment' on the line that has 'home/apply now/common questions/compute payment/contact us'
   3. For loan amount, enter $12,000 which is the principal amount
   4. For interest rate, enter the rate from the bank or credit union for each 3, 4, and 5 year loan
   5. For terms, enter the number of months of the loan which is the loan term.
   6. Click on the 'calculate'
   7. Enter the estimated monthly payment and total loan cost on the worksheet.

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5. Select the loan that is the best for you. Explain why the loan is the best for you.

Congratulations! You used the internet to help you find a car loan. You can use http://www.mapquest.com/ to find many businesses and other places. Most businesses have their own website where you can find information that you can use to decide where to shop