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Vehicles

Vehicles. New Vehicle purchases from a car dealership -Sticker price is base price -Loan from a bank that they choose or you can choose -Maximum loan time is 5 years -Any down payment on the car reduces the loan amount and payments each month -Sticker price is NEVER the final amount

martin-stein
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Vehicles

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  1. Vehicles New Vehicle purchases from a car dealership -Sticker price is base price -Loan from a bank that they choose or you can choose -Maximum loan time is 5 years -Any down payment on the car reduces the loan amount and payments each month -Sticker price is NEVER the final amount -taxes are large -Title and registration is kinda low -Destination charge for the vehicle here -Documentation Fee -Guaranteed Auto Protection -All vehicles that have a loan on them must have full coverage auto insurance by state law -CA smog is in effect for usually 5 years -Hybrids, Motorcycles, and old VW’s do not need to be smogged -Smogging is CA’s way of keeping the air clean -Warranty coverage is usually good for 5 years on everything -Dealership is very helpful for first year

  2. Vehicles Used Car purchases from -Purchase Price is what you see -all purchases are final, seller will dis-avow you after you leave and spend his money -CAR MUST BE SMOGGED BY SELLER AND PASS SMOG TEST TO SELL IN CA -advised to negotiate a price before making a final purchase -More maintenance will be required for used cars than newer cars -Check two areas of interest -www.kbb.com (free) -Kelly Blue Book -What is the car worth in today’s society -www.carfax.com (small fee) -find history on the car -accidents -owners -Usually a letter is sent by the state every 2 years for smog check -does not need full insurance for coverage since car is paid off

  3. Vehicles Leasing Cars from a dealership -similar to renting but not the same -Paying a portion of the vehicles cost when you drive it -have the option to buy the car for the depreciated value -Payments each month go to dealership and lease company -Payments are usually around $440 a month -or $5,280 a year -good if you are tight on money but still want a new car -not wise if you choose to purchase….. -ex. A $20,000 car will have payments of $440 over a 3 year lease.. -12*3*440=$10,080 -depreciation value is now $18,000 -you can buy the car for $18,000 -Meaning that you will pay $28,080 for the car now

  4. Vehicles Operating and Maintaining a vehicle -Oil Change -$20 to $40 every 3 months -most cars require 92 octane gas, cheaper octane gas reduces the life of the engine -coolant flush -$120 every 100,000 miles -Smog -$120 every 2 years -Insurance -$500 to $1,000 every 6 months Brakes -$300 every 5 years Tires -$1,000 every 2 years approx. (MUST ROTATE!) Other items -headlights, heater, tail lights, air filter, brake fluid, transmission, transmission fluid, washer fluid, air filter, fuel filter

  5. Vehicles Renting a Vehicle -Must have Valid license -Must have insurance on a vehicle you own -rental cars vary in price from $50 a day to $5,000 -extra insurance is available in case of any extra problems -90% of cars have unlimited miles on them for driving -for cars with limited miles, usually its about 10 cents a gallon past the contracted limit. -cars must be returned with the amount of gas you left with or more

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