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BUYING A CAR - PowerPoint PPT Presentation


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BUYING A CAR. Basics of Acquiring a Car. Acquiring Car…Need or Want. Luxury or Necessity. Steps in Buying a Car. Find a car you like. Find and select method of financing the car. Research and select affordable insurance options. Drive automobile home!!!!!. Options for Acquiring a Car.

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Presentation Transcript
buying a car

BUYING A CAR

Basics of Acquiring a Car

acquiring car need or want
Acquiring Car…Need or Want
  • Luxury or Necessity
steps in buying a car
Steps in Buying a Car
  • Find a car you like.
  • Find and select method of financing the car.
  • Research and select affordable insurance options.
  • Drive automobile home!!!!!
options for acquiring a car
Options for Acquiring a Car
  • New
    • Advantages
    • Disadvantages
  • Used
    • Advantages
    • Disadvantages
  • Leasing or Buying
    • Advantages
    • Disadvantages
financing
Financing
  • Banks
  • On-Site Financing
  • Savings
  • Gifts from Relatives
variables used in achieving monthly payments
Variables used in Achieving Monthly Payments
  • Vehicle Price
  • Down payment or no down payment
  • State Sales Tax
  • Financial Institutions Interest Rates
the effects of the variable of an automobile loan
The Effects of the Variable of an Automobile Loan
  • Change down payment
  • Change interest rate
  • Change loan term

http://primes.wested.org/buyingacar/buyacar_worksheet.pdf

summary
Summary
  • Acquiring Car…Need or Want
  • Steps in Buying a Car
  • Options for Acquiring a Car
  • Financing
  • Variables used in Achieving Monthly Payments
  • The Effects of the Variable of an Automobile Loan
discussion and reminders
Discussion and Reminders
  • You must have a valid driver’s license.
  • You must register your car and get license plates from the Department of Motor Vehicles (DMV).
  • Know the real cost of a car.
  • Shop around for insurance cost.
  • You and your passenger must always wear seat belts.
  • Know what to do in an accident!!!!!

http://www.fosteryouth.net/Transportation/Buying_a_Car/The_Real_Cost_of_a_Car.asp