Yahoo Finance Feed The Pig 52K in Debt Living Beyond Your Means.

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Presentation transcript:

Yahoo Finance Feed The Pig 52K in Debt Living Beyond Your Means

Car Buying Basics

Assess What Is Important But what is important??

Buying vs. Leasing Buying Leasing Assumes ownership of car All costs (gas, loan, maintenance, repair) No limitations on ownership years, mileage Leasing Essentially a car rental for a set amount of time Monthly payments are usually less than actual ownership All costs Limitations on mileage Option to buy at end

Buying vs. Leasing Work with a partner and determine what are some of the pros and cons of both buying and leasing??

Key Terms To Know MSRP Dealer Invoice Car Options Dealer Incentives

Key Terms To Know MSRP Dealer Invoice Manufacturers Suggested Retail Price What the maker of the car suggests it should sell for Also, “Sticker Price” and “Retail Price” Dealer Invoice How much the dealer paid to obtain the car

Key Terms To Know Options Dealer or Factory Incentives Anything extra that can be added to the car Sunroof, power locks or windows, security, etc… Dealer or Factory Incentives Offers to try to get people to buy or lease Money off, loan rates, etc…

KBB and Loan Calculator Kelly Blue Book Interest is a factor!