Sometimes, the best deal really isn't the best one for you (when we're talking about mortgages and bank loans). With some loans, depending on your financial situation, you might be better off paying more interest if you're doing this over more time, because your monthly payments might be a lot lower. It all depends! In class, we looked at Jesse and Mariah, two characters looking at a fictional loan, and we had to determine which was the best deal for them knowing nothing more than three loan options. Would you rather be paying 5.5% interest over 3 years, 6.5% interest over 4 years, or 3.5% over 2 years? The answer isn't black-and-white. I picked the 3.5% interest rates.
For another class project, we had to operate under the credit restriction of $750 to find a computer that was worth the money it cost to buy it. I used the technology skills of researching and finding out more about how computers work (I actually learned a few good things) and found three computers to compare with each other. The Acer was the cheapest bargain, but the best bargain was really the HP, which had the most RAM (Random Access Memory) and the largest amount of memory. The Gateway was the most expensive laptop, but for all that money, it had the lowest level of functioning out of all three of them. I did my research and stuck to my limitation very well. However, I think I could have improved the amount of time I spent on research.