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Purchasing an Automobile

Purchasing an Automobile. How much does a car really cost?. Down payment Fees Title and Registration Tax Total cost without interest. Compare the Cost. New car without interest $22,000 With interest $535.00 x 48 months = $25,680 total. Used car without interest $10,000

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Purchasing an Automobile

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  1. Purchasing an Automobile

  2. How much does a car really cost? • Down payment • Fees • Title and Registration • Tax • Total cost without interest

  3. Compare the Cost • New car without interest $22,000 • With interest $535.00 x 48 months = $25,680 total • Used car without interest $10,000 • With interest $336.00 x 36 months = $12,096 total

  4. But That’s Not ALL! Maintenance Costs • Oil changes • Tires • Inspection • Gas • Cleaning • Fluids Repair Costs • Brakes • Hoses • Fuses • Engine repairs • A/C • Battery

  5. Why Not Just Lease a Car? • Gap insurance • Allowed mileage • Break the lease and you are responsible • The car is not yours! • Perpetual payments • Decide to buy it – you pay much more for it!

  6. Wait! What about Insurance?

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