Chapter 8: Automobiles and Other Major Purchases. Understand several guidelines to save money on major purchases. Employ the three steps in wise buying that occur prior to interacting with sellers. Comparison shop when buying or leasing vehicles and other major purchases. Objectives.
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Employ the three steps in wise buying that occur prior to interacting with sellers.
Comparison shop when buying or leasing vehicles and other major purchases.Objectives
Negotiate effectively and make intelligent decisions when undertaking major expenditures.
Evaluate your purchase decisions as a guide for future behavior.Objectives
Buying services Preshopping Activities
http://auto.consumerguide.comHelp When Buyinga New Vehicle
Type Preshopping Activities
Price and gas payment
Insurance and inspectionRental Car Basics
Get estimate in advance Preshopping Activities
Ask how long repairs will take
Get claim check
Ask to be given all replaced parts
Be available when at-home repairs are made
Get written receiptGet Things Fixed
Compare actual costs Preshopping Activities
Consider opportunity cost of rebate
Add opportunity cost of foregone rebate to finance charge of dealer financingChoose Between LowInterest and Rebate
Decide on features and options Preshopping Activities
Decide how much to spend
Select makes/models in price range
Check selection carefully
Negotiate and decideBuy a Used Vehicle
Buy used vehicles Preshopping Activities
Buy used vehicles from private owners
Visit dealerships at least three times
Negotiate price first
Use up your vehiclesGet the Most for YourCar-Buying Dollar