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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 l.jpg

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.


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Discussion Questions

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

    • a. Dents in the side

    • b.

    • c.

    • d.


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Discussion Questions

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

  • Why or why not?


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Vocabulary

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.


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Formula

Average Retail Value

+ Additional Options

  • Options Deductions

  • Mileage Deduction

    Average Retail Price


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Example.

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


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9.3 Assignment

  • pg 322 #2-14 even, and #9

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


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