Analyzing Major Purchases

« Return
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?