1 / 12

Chapter 23

90% of sticker price for compact and subcompact cars. 84% to 87% for luxury vehicles ... get a new car every two to three years. You can lease a nicer more expensive car than you ...

RexAlvis
Download Presentation

Chapter 23

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    Slide 1:Chapter 23

    Buying and Caring for a Vehicle

    Slide 2:Objectives for Chapter

    Describe the process of buying a car Explain advantages and disadvantages of leasing Discuss Hybrid Cars Maintaining You Car

    Slide 3:Steps in the Car-Buying Process

    Step 1 Identify your needs and wants What do you need to do with your car? Will you drive a lot of miles? (gas mileage) Do you plan to haul a lot of material or people? Do you plan to take the car off road?

    Slide 4:Steps in the Car-Buying Process cont.

    Step 2 Determine what you can afford, before going to a car lot. Step 3 Do research before buying your car Consumer Reports and Car and Driver magazines are good resources

    Slide 5:Steps in the Car-Buying Process cont.

    Step 4 Decide whether to buy New or Used?? Step 5 Get Credit Pre-Approval Find out how much money you will qualify for before visiting car dealerships.

    Slide 6:Some Helpful Tips

    Test drive each vehicle before you buy it If purchasing a used car check the history Vehicle Identification number (VIN) Car Fax Have the vehicle check by an experienced mechanic

    Slide 7:Purchasing the Car

    Determine a fair price. Should you always pay the sticker price on the car? Here are some helpful hints… Check Kelley Blue Book

    Slide 8:According to AAA

    What do dealers pay?? 90% of sticker price for compact and subcompact cars 84% to 87% for luxury vehicles

    Slide 9:Leasing

    Advantages You can get a new car every two to three years You can lease a nicer more expensive car than you would actually be able to purchase If you are using it for business you can write off part of the expenses Disadvantage You do not own the car

    Slide 10:Financing Your Car

    The best way to purchase a car is with cash. Unfortunately most people cannot do that therefore they need to take out a loan. Loans can be for 36, 48, 60, or 72 months. The longer you have the loan the more money you are paying in interest.

    Slide 11:Hybrid Cars

    What are Hybrid Cars? A type of vehicle that uses alternate energy sources, such as natural gas or battery power, in addition to or in place of gasoline. Are they really better for the environment?? Article

    Slide 12:Maintaining Your Vehicle

    Most people spend more of their income on a car and related expenses than on any other item except housing and food. What is involved in maintaining your vehicle??

More Related