Analyzing Major Purchases

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Analyzing Major Purchases

If you’re contemplating a big buy, spend a few minutes with the Major Purchase Worksheet on the following page to help you decide if you’re making a smart move or a bad one.

Major Purchase Worksheet

Purchase being considered: 


Paying by:   Financing    Cash   (circle one)


Financing Analysis


Length of loan


Interest rate


Monthly payment


Purchase price


Total interest expense over life of the loan


Total cost


Cash Analysis

Other potential uses for cash if not used for this purpose?
1.  $
2.  $
3.  $

Does this purchase still seem attractive?