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# 9point3 - PowerPoint PPT Presentation

9.3 Purchasing a Used Vehicle 2/17/05 Good Morning! Please grab a calculator. Please write the following title down in your notes along with the date. Discussion Questions Name 4 things that bring the value of a used car down. a. Dents in the side b. c. d. Discussion Questions

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### 9.3 Purchasing a Used Vehicle 2/17/05

• Good Morning!

• Please write the following title down in your notes along with the date.

• Name 4 things that bring the value of a used car down.

• a. Dents in the side

• b.

• c.

• d.

• Do you think you can tell just by looking if a car has been in an accident or not?

• Why or why not?

1. Used-Vehicle Guides-

books that are published monthly that give the average prices for used cars that were purchased from dealers.

2. Deduction-

something that is subtracted.

Average Retail Value

• Options Deductions

• Mileage Deduction

Average Retail Price

Sherri would like to purchase a V8 four-door car. It has no air conditioning. It has power seats, premium sound system, leather seats, and a power sunroof. It has been driven 51,760 miles. The used-vehicle guide indicates that \$575 should be subtracted if the mileage is from 45,001 to 52,500 miles. What is the average retail price?

\$14,675

- \$800

+ \$125

+ \$200

+ \$340

+ \$450

-\$575

= \$14415

• pg 322 #2-14 even, and #9

• Make sure you complete Used Car Guide assignment before you leave today!