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BUYING A CAR

BUYING A CAR. Basics of Acquiring a Car. Acquiring Car…Need or Want. Luxury or Necessity. Steps in Buying a Car. Find a car you like. Find and select method of financing the car. Research and select affordable insurance options. Drive automobile home!!!!!. Options for Acquiring a Car.

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BUYING A CAR

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  1. BUYING A CAR Basics of Acquiring a Car

  2. Acquiring Car…Need or Want • Luxury or Necessity

  3. Steps in Buying a Car • Find a car you like. • Find and select method of financing the car. • Research and select affordable insurance options. • Drive automobile home!!!!!

  4. Options for Acquiring a Car • New • Advantages • Disadvantages • Used • Advantages • Disadvantages • Leasing or Buying • Advantages • Disadvantages

  5. Financing • Banks • On-Site Financing • Savings • Gifts from Relatives

  6. Variables used in Achieving Monthly Payments • Vehicle Price • Down payment or no down payment • State Sales Tax • Financial Institutions Interest Rates

  7. The Effects of the Variable of an Automobile Loan • Change down payment • Change interest rate • Change loan term http://primes.wested.org/buyingacar/buyacar_worksheet.pdf

  8. Summary • Acquiring Car…Need or Want • Steps in Buying a Car • Options for Acquiring a Car • Financing • Variables used in Achieving Monthly Payments • The Effects of the Variable of an Automobile Loan

  9. Discussion and Reminders • You must have a valid driver’s license. • You must register your car and get license plates from the Department of Motor Vehicles (DMV). • Know the real cost of a car. • Shop around for insurance cost. • You and your passenger must always wear seat belts. • Know what to do in an accident!!!!! http://www.fosteryouth.net/Transportation/Buying_a_Car/The_Real_Cost_of_a_Car.asp

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