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Can you afford a car?

Can you afford a car?. Automobile Simulation. Can you afford a car?. Part I: #1 Pick any type of car between the cost of $8,000- $20,000 Think about what you will need it for and the cost to insure Part I: #2 Make- Company Name Model- Type of Car and trim Year Asking price Mileage

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Can you afford a car?

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  1. Can you afford a car? Automobile Simulation

  2. Can you afford a car? • Part I: #1 • Pick any type of car between the cost of $8,000- $20,000 • Think about what you will need it for and the cost to insure • Part I: #2 • Make- Company Name • Model- Type of Car and trim • Year • Asking price • Mileage • Color • Location

  3. Part I: #3 What is Kelley Blue Book? • KBB: Kelley Blue Book Value • WHAT PEOPLE ARE REALLY PAYING FOR THIS VEHICLE • MSRP: Manufacturers Suggested Retailed Price • Price set by the Manufacturer • New Cars: • MSRP • Invoice Price – what auto manufactures charge dealers • New Car Kelley Blue Book Value • Used Cars: • Suggested Retail in Excellent or Good Condition

  4. New Car KBB Value: MSRP INVOICE What people are really paying!!!

  5. Used Car: Suggested Retail Value dealer's asking price and the starting point for negotiation.

  6. Part 1: #4 How do you compute the loan? • TOTAL PRICE- DOWN PAYMENT= LOAN AMOUNT • This is the amount you will borrow • It is your principal You will use the asking price

  7. Part I: #5 sales tax, title & registration • www.dor.mo.gov • Click Motor Vehicle License to the left • Choose calculate sales tax • Select: St. Louis County • Select: City • Click the drop down and choose the city you live in

  8. Part I: #6 Find your Monthly Payments • We will use an interest calculator • FIND YOUR LOAN AMOUNT FROM #4 • Click on CALCULATORS • Select Monthly Auto Loan Payment

  9. Insurance • Use the information below as you go eSurance.com to get quotes/ estimates/ costs/ prices/ premiums for insurance coverage: • 63017, go • 1 car, 1 driver, heard about via “other”, no current insurance, next • year, make, model, commuting to work/school, mileage 5,000-$10,000 financed, next • Joe or Jane, 1/1/1989 or 1984, male or female, single, 16, jsmith@yahoo.com, SKIP OPTIONAL BOXES, no violations, next • check anti-theft box, do not check specialized occupations box, next • 30 days or less • 369 N Woods Mill Rd., Chesterfield MO 63017 • basic, 1,000, 1,000, no, get my quote

  10. Look at the 6 month Premium…

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