Bell ringer day 6
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Write half page red to red about the following statement. Some movies are serious, designed to make the audience think. Other movies are designed primarily to amuse and entertain. Which type of movie do you prefer? Use specific reasons and examples to support your answer.

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Bell Ringer (Day 6)

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Bell ringer day 6

Write half page red to red about the following statement.

Some movies are serious, designed to make the audience think. Other movies are designed primarily to amuse and entertain. Which type of movie do you prefer? Use specific reasons and examples to support your answer.

Save these to be turned in with your test!

Bell Ringer (Day 6)



Bring paper/pen/pencil and notebook

Electronics are for instructional use with permission

Don’t forget to do daily quizzes on QUIA.COM

No Excuses why you don’t take Quizzes 1-6

before test day!! (Quizzes are worth 30% of grade)

Attendance is MANDATORY!! (NO SLEEPING in class)

All notes can be found on Harrisonburg’s staff website:

If you are NOT taking notes in class, please be quiet and ask to use the restroom at the end of class.

Green card

“Green Card”

Your Name Here

Harrisonburg High School





This is what you are trying to get at the end of class..

Objectives day 6

Objectives: (Day 6)

  • Students will learn the benefits and drawbacks of buying new vs. used cars.

  • Students will learn about different places to purchase automobiles.

  • Students will understand the different purchasing methods when it comes to buying a car.

  • Students will understand the characteristics of an automobile warranty

  • Related SOL: DE.19

Bell ringer day 6

How to Buy a Car

Buying a car

Buying A Car

  • You have to decide whether or not you want to buy a new car or a used car, but…

Buying a car1

Buying A Car

  • …that choice is usually determined by how much you can afford…

No Job!!

Are you working?

Pay other bills

credit history

your vehicle needs

Buying a car2

Buying A Car

  • A good estimate to how much your payment will be is to figure $20/month for every $1,000 financed.

  • And that’s for 5 years or 60 months


Buying a car3

Buying A Car


  • A $10,000 car would cost $200 a month

  • A $20,000 car would cost $400 a month

  • A $30,000 car would cost $600 a month

  • A $40,000 car would cost $800 a month

That’s EVERY MONTH for 60 months!! Oh, not including

insurance, maintenance and don’t forget gas!!

Buying a car4

Buying A Car

  • Now that you have an idea of what you can afford, What do you want??

New or Used??

The benefits of buying new

The Benefits of buying new

  • never been in a wreck

  • never been smoked in

  • hasn’t had any past maintenance

  • reduced future maintenance

  • warranty coverage

  • get the latest and greatest features

  • better finance rates

The drawbacks of buying new

The Drawbacks of buying new

  • Higher costs

  • High depreciation

  • Decreased choices on car lot (but you can order a car)

**A LE is the middle of line Camry**

The benefits of buying used

The Benefits of buying used

  • Lower costs

  • certified pre-owned programs

  • Avoiding Depreciation

  • increased choices on lot

The drawbacks of buying used

The Drawbacks of buying used

  • You don’t know history of car

  • Do a lot more research

    • Ask friends, internet etc.

  • Could have been smoked in

  • Could have been wrecked

  • Higher interest rates

  • May buy “as is”

How to find the history of your car

How to find the history of your car

  • To find the history of yours, or any car, you can go online to many different websites such as,,

  • You can also ask the dealership for information regarding your car.

Bell ringer day 6

Example from


Year/Make/Model:1989 HONDA CIVIC DX

Body Style:Sedan 4 DR

Engine Type:1.5L L4 FI

Manufactured In:UNITED STATES

Search Results:4 records found in our database

IMPORTANT! The 4 records on this 1989 HONDA CIVIC DX will confirm a clean history or uncover potential problems. Find out by ordering the complete CARFAX Vehicle History Report.


Places to buy a car

Places to buy a car

  • new/used car dealership

  • websites

  • person-to-person transactions.

    • print classifieds

Dealership or a website

Dealership or a Website

  • Most of them are required to give a complete and accurate vehicle history report.

    • Doesn’t mean that the salesperson won’t lie to you

Person to person transactions

Person-to-Person Transactions

  • You can’t always trust person-to-person transactions

    • it’s easy to lie about the car wasn’t ever in an accident when it could very easily have been a salvage vehicle.

What to know before you go

What To Know Before You Go

  • The first thing that you have to do before going out to buy a car is to check your credit history


    • or at your bank

Bell ringer day 6

The simplest way to pay for a car

Avoid paying the interest charges



Most people do not have enough cash to buy a car outright

Loans are simply an agreement to lend money for the right to charge an interest rate on that money as it is paid back.

Can be 2-7 years


Payment for your car

Payment For Your Car

  • Down payment- The amount you pay upfront to lower the amount you have to finance

  • Annual Percentage Rate (APR)- The percentage of interest that you pay on your car per year

  • Financing the balance- How to pay for what you still owe on the car you’re buying

5.99 %


Leases benefits

Can be a great deal…

A long-term rental agreement in which you pay for the right to use a car.

You get a car that you couldn't afford to buy, and you have a low down payment, and slightly lower monthly payments.

Leases Benefits

Leases drawbacks

At the end of the lease term:

Drop the car off

you can purchase the car for the price determined at the beginning of the lease agreement.


Refinance balance

May pay expensive penalties:

exceeding the mileage limits of the lease

Excessive wear and tear on the car

Ending the lease before it expires.

And while you lease the car, it is your legal responsibility.

Leases Drawbacks

Types of car warranties

You may see these advertised:


60 months*/60,000 miles

7 years*/100,000 miles

10 years*/ 100,000 miles

Types of Car Warranties

Types of car warranties1

Basic Coverage

(all components other than normal wear and maintenance items).

Power train Coverage

(engine, transmission/transaxle, front-wheel-drive system and rear-wheel drive).

Types of Car Warranties

Vin numbers

VIN Numbers

  • The VIN number is your Vehicle Identification Number.

  • A VIN number is your cars serial number.

  • Your cars VIN number is located in many places

Tips when buying a car

Tips When Buying a Car

  • Have the mechanic give the car a full inspection

  • Avoid “as is” statements

  • Have yourfinance and loan approvals ready before you even go to the dealership

  • Don't discuss the possibility of a trade-in until you get the best possible price for your new car.

Hidden costs

Hidden Costs

  • Any market adjustment prices

  • Taxes-

    • VA sales tax

    • Dealer tax

  • DMV fees

    • Plate fees

    • Title fees

    • DMV processing fee

  • Dealer processing fees

  • Bump Stickers!!

Price differences

Price Differences

  • Wholesale (Dealer or Invoice) Price- What the dealership paid for the car

  • Retail (MSRP) Price- What the dealership asks for the car

How dealerships make money

How dealerships make money

  • Sell over invoice

  • Sell extra products

  • Finance through the dealership

  • Holdbackis money paid to the dealer by the manufacturer when a car is sold.

The end


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