1 / 19

Buying or Leasing a Car

Buying or Leasing a Car. Without loosing your shirt. Get prepared – Want vs. Need New/Used Researching Buy/Lease Negotiating Up! It’s the delivery that counts. GOALS. Full Disclosure: Huge Waste of Money How much can you afford? What is your commute? Safety vs. Fun

kenley
Download Presentation

Buying or Leasing a Car

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Buying or Leasing a Car Without loosing your shirt

  2. Get prepared – Want vs. Need New/Used Researching Buy/Lease Negotiating Up! It’s the delivery that counts GOALS

  3. Full Disclosure: Huge Waste of Money How much can you afford? What is your commute? Safety vs. Fun How Much Car Do You Really Need?? Want Vs. Need

  4. New Smells great Comes with warranty Low/No mileage Get exactly what you want Instant depreciation Expensive Used Less expensive Already depreciated Might still have a warranty Inheriting someone else’s problem Private Seller vs. Used Car Dealer New vs. Used

  5. Buy Keep the car No limit mileage No need to fix dings and scratches Expensive Might limit what you can afford Lease More car for your money New car more frequently Must insure and fix Penalty for high mileage Still have to pay for maintenance Buy vs. Lease

  6. Compare all the models in your price range Consumer Reports or Edmunds Test drive Have a used car checked by a mechanic Useful info on the Web www.nmvtis.gov/ www.carfax.com Researching

  7. What’s the real price of a car? Financing options – research before you go to close the deal Trade ins Research your best options – trade in, private buyer Never talk trade in until you have settled on a purchase price Be prepared to walk Negotiating Up!

  8. Bring a fine tooth comb Lemon Laws Last resort help – DA’s and RM’s It’s the Delivery that Counts

  9. So, How To Buy A Car • Research your options • Know your budget – purchase and ownership • Test drive • Negotiate Up • Trade in - maybe • Day of delivery • One Last Thing • Sciola’sNever-Fail Strategy Guaranteed To Bring • Them To Their Knees

  10. Buying or Leasing a Car Without loosing your shirt

  11. Chicor Shack? Finding Shelter Of Your Very Own

  12. Goals • Where to find rentals • How do you stack up • Costs and Contracts • The Fine Print • CYA

  13. Where To Look • Friends – Family – Friends of Family, Family of Friends • Alumni! • Work Associates and Employers/HR • Internet – Craig’s List, Web Listings, Real Estate Companies, Management Companies • Newspaper – still a good source • Direct from owners/developers • Real Estate Professionals • Property Managers • Rental Agents

  14. The Ideal Renter • Meet the Salary Requirements – one week’s pay = one month’s rent • Credit Report – timely payments and debt:income • Eviction and Arrest Reports • Prior Landlord References • (Yup, don’t piss off Resi Life just yet …)

  15. Costs To Expect • First, Last and One Month’s Security • Key Deposit • Realtors’ Fee • Application/Credit Fee • Pet Deposits * • Misc * • *legal??

  16. Paperwork And Documents • Rental Application • Fixed Term Lease • Tenancy-at-will • Sublet Agreement • Guarantor Form • Addendums to Lease • Additional Provisions • Deposit Receipt • Apartment Condition Statement • Lead Paint Law Notification • Etc.

  17. Signing the Lease • Review The Lease!!! – fine print, ask if you don’t know • Who Should Sign – “jointly and severally” • Photograph Damages/Conditions – send copies immediately

  18. Unforeseen Problems After Moving In • Roommate Conflict • Keeping the peace • Contractual obligations • Subletting • Landlord Conflict • Correspond in writing • Receipts for repairs and deductions after notice • Withholding rent • Advice from attorney • Breaking the lease • Notifying the landlord • Securing sublets or new tenants

  19. Last Words and Q&A • Know Your Rights • Know The Laws • Don’t Try to Be A Lawyer On Your Own • Courtesy Goes A Long Way – don’t forget your manners • Questions?

More Related