CAB OR CAR ? Find Out if you should Buy a CAR or NOT.

Slides:

Advertisements

Similar presentations

Understanding the true cost of buying a home. ITT Employees Federal Credit Union.

Advertisements

Research Results Rents, Transport and Costs 8,502 Respondents – Online Methodology October 2007.

It’s time for you to earn more Money! It’s time for you to save more money! And It’s Your Opportunity to be Environmentally Responsible!

© 2005 Consumer Jungle Lesson Two: Financing a New or Used Car.

Housing MortgageVocab Advantages True or False.

Approaching a Client. What is an Approach ? Approach means meeting the prospect for the first time. Approach involves self preparation as well as understanding.

© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Buying and Owning a Vehicle 23.1Buying a Vehicle 23.2Maintaining.

GLOBAL NETWORK Buying Your New Home. Congratulations! When using a Coldwell Banker® Sales Associate, you will feel confident your search for a new home.

What are the pros and cons of owning a vehicle? Pros Cons.

7 Steps for Finding the Right Car. If you examine your needs rather than wants, you will quickly discover what the right car is for you.

Science and Math of Cars/Cycles/Bikes Buying/ Ownership What makes them work?

Estimating Ownership Costs 1. Purchase Price  Find the average price for a particular car model using Kelley Blue Book  Also find your trade in value.

COSTS OF BUYING A CAR PART 1 (IN THE FUTURE) Because you will likely need/want to drive places.

Game of Life. Making the right choice  Before you begin decide how much you can afford to spend  Decide which car models and options interest you 

Buying a Vehicle. Do Now…. O You can have any car that you want. What would that car be? What color would it be? What would the interior look like? What.

BUYING A CAR AND INSURING IT. WHAT IS THE DIFFERENCE BETWEEN... Type of Car You Want Type of Car You Need Type of Car you Can Afford.

PowerPlay Money Managers Lesson 2: My First Car. Objectives  By the end of this lesson you will be able to:  Identify costs associated with owning a.

Topic 1.3 Costs, Revenue & Profit.

Managing your Personal Finances Managing your Personal Finances Unit 3 : Getting Your First Car Cash vs. Loan vs. Lease 1.

PowerPlay Money Managers Lesson 2: My First Car. Objectives  By the end of this lesson you will be able to:  Identify costs associated with owning a.

Marriage and Family Life Unit 6: Making Everyday Living Decisions.

BUYING A HOUSE. Vocabulary  Market value: the highest price that the property will bring on the market  Equity: difference between the market value.

TRANSPORTATION What are transportation options in your community? Average person spends 17% of their income on transportation. The breakdown is: 5.4% on.

DECEMBER 8, 2011 BUYING A HOME. AGENDA Rent or buy a home? Advantages and disadvantages of owning a home Determining home ownership wants and needs Qualifying.

Insurance Basics. Why Do You Need Insurance? Help you pay for things that could happen to you that you cannot afford Law says you need to pay to compensate.

Preparing Lifelong Learning Personal Finance:.  Personal Finance word search.

Car Buying Caveat Emptor Step One: Decide What’s Important? What do you need the car for? What qualities of the car are most important?

Engineering Economy Why is Engineering Economy important? Practical everyday questions –Should you finance your car or pay cash? Finance for $6995 –vs-

MAJOR EXPENDITURES: TRANSPORTATION AND FOOD Personal Finance Mrs. Bullock.

Chapter 16 Part I. Laws of Ownership There are laws from different sources to protect buyers and sellers Vehicles are considered “goods” The “Uniform.

Test Drive your knowledge! See how much you know about budgeting. Click the ignition button to begin!

Reality Check. Buying a car that is Affordable Determine a reasonable figure you can afford to pay each month for owning and operating a car.

Chapters 8,9,10,11, and 13 Shyla Johnson. Chapter 8 Determining Affordability Never buy from the first car shop always check a couple different car shops.

Test Drive your knowledge! See how much you know about loans. Click the ignition button to begin!

Planning a budget. Lifestyle – Pre-budgeting Lifestyle is a way of living that reflects that person’s attitudes and values Where will you live? Rent or.

The True Cost of Ownership What kind of car should you buy?

Personal Finance: Automobile Payments & Maintenance

Entrepreneurship project   Kamran Ahmed  Farheen Akhtar  Alveena Batool  Sufyan Zamir  Kashif Mehmood Group members:

Ownership Responsibilities Insurance CostsInsurance Costs Purchase and Financing CostsPurchase and Financing Costs Maintenance and Operating CostsMaintenance.

Axiological interpretation of the elements affecting citizens’ choice of transport mode in Eastern Europe countries.

The Car Welcome! So you’re looking to pick out the right car for you? The number one thing you must ask yourself when searching for your next ride is “is.

The Dave Car…. The True Cost of Ownership – Pick a new car to research – Use a search engine to find the “true cost to own”.

Lexus LS 460L TEAM 3 MEMBERS : Adrian Escalera Andrew Robertson James Snell.

Chapter 6 In-Class Notes. Background on Personal Loans Sources of Loans Chartered banks, finance companies, credit unions, family and friends Contents.

THOSE KIDS AND THEIR CARS Terry L. Tadlock, CIC, CPCU, CRIS Independent Agents and Brokers of South Carolina Columbia, South Carolina.

My Family Budget Business Information Management.

LESSON 5 Buying a Car. Terms Review APR Coupe Collision Insurance Lease Liability Insurance Loan Minivan No-Fault Auto Insurance Sedan SUV (Sports Utility.

Do Now 1)What is an important thing to consider when buying a car? 2)How do people afford to buy cars?

Chapter 12.  Transportation and Society  When Do You Use Transportation?  Local, State, and Federal Transportation Offices  Transportation Options.

Transportation Choices. Focus Questions/Objectives 1.What is mass transit? 2.What is the most common form of private transportation? 3.What are some of.

MAJOR EXPENDITURES: HOUSING Personal Finance Mrs. Virts.

Car Buying Strategies Module Seven. The Three Deals The Purchase The Financing The Trade-in.

Renting Vs. Buying a Home. Scenario A renter starts out paying $800 per month with annual increases of 5%. A homeowner purchases a home for $110,000 and.

Buying the Necessities Chapter 5. Shopping for Food Chapter 5, Section 1.

The Cost of Car Ownership. Annual Cost to Own a Car Source: The following.

Put Yourself in the Driver’s Seat Researching Car Costs Put Yourself in the Driver’s Seat Researching Car Costs Use limitations: These materials may be.

Insurance Automobile and Health. What is insurance?  Insurance – Manage your risk of financial loss from illness, injury or damage.  Premium – Regular,

Buying a Car and Insuring It. What is the Difference Between... Type of Car You Want Type of Car You Need Type of Car you Can Afford.

MAJOR EXPENDITURES: TRANSPORTATION Advanced Level.

BUYING A CAR OTTW BY: SPENCER JENKINS AND ETHAN WOLCOTT.

CLP: How to Choose a Car. Can you Afford a Car? As a general rule, you can afford a car loan of no more than 20% of your take-home pay An average new.

Loans. Loan An amount of money borrowed and repaid with interest Interest – Money paid for the right to borrow money  Fixed rate – rate that stays the.

Apply Car Loans online. Logintoloans Apply online for best Car loans in India - Compare Car Loan interest rates from top banks and apply online for quick.

HeroFincorp Car Loans. About Us Get HeroFincorp Car Loan with lowest interest rates and instant approval from Logintoloans.com. Fill the form online and.

Apply For Capital First Car Loans. About Us Apply online for Capital First Car loans in India - Compare Car Loan interest rates from top banks and apply.

The Benefits of Bicycling

Renting Vs. Buying a Home

Renting Vs. Buying a Home

Presentation transcript:

CAB OR CAR ? Find Out if you should Buy a CAR or NOT

Cost of New Car Ownership in India Purchase cost 5,00,00 0 Down payment 1,40,00 0 EMI at 11% interest, 5 years loan 4,70,00 0 Rs. 70 /ltr Lifetime: 70,000 kms 4,90,00 0 Insurance (Individual claim) Maintenance cost 60,000 70,000 TOTAL COST - 1,50,00 0 Monthly Cost Lifetime Cost 5 years 7,80 0 1,20 0 8,20 0 1,00 0 Sale of car in second hand market 10,80, ,2 00 Rs. 15 per km is the cost of owning a car!!!

STATUS RELIABLE COMFORT Owning a car is costlier on a per km basis, than taking a cab, but I prefer it becos… WHY DO SO MANY PEOPLE BUY A CAR? Even though its costlier than taking a cab. If cabs/autos/ public transportation is not easily available If you will use a car for more than 50 kms a day

Do you commute regularly? Can you drive? Can you afford EMIs regularly? Pay for car monthly running costs? BUY A NEW DREAM CAR! Can your family member(s) drive? Driving lessons anybody? TAKE A CAB, MAN! UNTILTHENUNTILTHEN Yes No Still Dreaming of a Car ? Watch out for the twist and turns… START

HAPPY RIDING