BUYING A CAR Basics of Acquiring a Car Acquiring Car…Need or Want Luxury or Necessity.

Slides:

Advertisements

Similar presentations

How to buy a car How to buy a car. Test drive Which type ? Which type ? SUV, Sports car, family car …… SUV, Sports car, family car …… Test drive Test.

Advertisements

M ONEY W ORKS FOR W OMEN A T C URTIS M EMORIAL L IBRARY B UYING YOUR FIRST CAR.

Home Buying Process Financial Options. Objectives Define the Four “Cs” of the Loan Process Determine How Much You Can Afford for a House Calculate Front-End/Back-End.

USAA.COM INSURANCE BANKING INVESTMENTS RETIREMENT ADVICE Your Next Car Buying vs. Leasing August 30, 2011 Joseph (J.J.) Montanaro CERTIFIED FINANCIAL PLANNER.

Debt Management Lecture No.10 Professor C. S. Park Fundamentals of Engineering Economics Copyright © 2005.

L10: Debt Management ECON 320 Engineering Economics Mahmut Ali GOKCE Industrial Systems Engineering Computer Sciences.

Teens 2 lesson eight cars and loans. the costs of owning and operating a car Ownership (fixed) costs: Purchase price Sales tax Registration fee, title,

Buying a Vehicle Cost of owning a vehicle: 1.Purchase Price – Amount paid for a vehicle. It is important to shop around and compare prices. 2.Depreciation.

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.

Buying a Vehicle Cost of owning a vehicle: 1.Purchase Price – Amount paid for a vehicle 2.Depreciation - decrease in value over time 3.Financing - how.

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 Managing Your Financial Future. Steps in the Car Buying Process 1. Identify your needs and wants What do you need to do with your car? Will.

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

Assignment Task: This is an individual assignment. In a PowerPoint or word document answer the following questions for each section.

Gabriela Martinez 11/10/08 Honda Civic Honda Civic  Crash test rating: Good  MPG: 25 city/34 hwy miles  Affordable used car.

How do I get a Car Loan? A basic overview I can understand the basics of getting a car loan.

7-1: Buying a Home. Costs of Financing a home: Purchase price = tag price Downpayment = a percentage of the purchase price; between 0% and 30% Interest.

1. Identify strategies for effective consumer buying 2. Implement a process for making consumer purchases 3. Describe steps to take to resolve consumer.

What Makes Your Car Safe, Reliable and Affordable Draw a big car on your flip chart. Give your car an “awesome paint job” by covering the car with the.

Transportation and Buying A Car CONSUMER ED. Overview  Transportation is considered a basic need.  Get to work, get to school, go shopping, etc.  Depending.

Managing Your Personal Finance UNIT 3:3 GETTING YOR FIRST CAR Topic: CAR INSURANCE.

How do I get a Car Loan? A basic overview To understand the basics of getting a car loan.

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?

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.

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.

LIFE : PERSONAL BUDGET PROJECT Ms. A. Martin, M.ED.

© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Auto Insurance Information Mr. Blais Law and You.

Chapter 9 Vehicle Information. Buying a Car If you buy a new or used car, you must – Title it – Register it – Insure it Before you get on the road.

Cerbone Unit Eight cars and loans. the costs of owning and operating a car Ownership (fixed) costs: Purchase price Sales tax Registration fee, title,

Financially Speaking.. A Student’s Guide to Understanding what Financial Institutions are Talking About.

© South-Western Educational Publishing Chapter 23 Buying and Caring for a Vehicle Buying a Vehicle Maintaining Your Vehicle.

© South-Western Educational Publishing Chapter 23 Buying and Caring for a Vehicle  Buying a Vehicle  Maintaining Your Vehicle.

Auto insurance What is ?. Auto insurance provides a measure of financial protection in the event of a car accident.

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

Major Expenditures: Transportation and housing

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

Buying VS Leasing By Ms. Kritikos Kia Sorento EX 3.5L V6 A/T 4x4.

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.

Budgeting Techniques Key Terms --Budget --Fixed Expenses --Allowance --Budget Variance.

Personal Finance Section Buying a Car. Personal Finance Section  Don’t think of a car as a status symbol or a personal statement,. The best car is the.

© South-Western Educational Publishing Chapter 23 Buying and Caring for a Vehicle Buying a Vehicle Maintaining Your Vehicle.

Car Shopping. Costs of Owning a Car Depreciation Interest on loan Insurance Registration fees, license, taxes Gas Oil/fluids Tires Maintenance and repairs.

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

Gross Pay pay before deductions; may include insurance, taxes, etc pay before deductions; may include insurance, taxes, etc.

Acquiring a Vehicle Section Understanding Business and Personal Law Acquiring a Vehicle Section 16.1 Owning a Vehicle Section 16.1 Acquiring a Vehicle.

Vehicle Venture Financing to Put Yourself in the Driver’s Seat.

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.

REAL ESTATE Investments Vocabulary Rental Property – real estate available for being rented and an alternative to investment opportunities available.

BUYING & LEASING A CAR Unit Two—Budgeting Standard 4 Financial Literacy Mrs. Morrey.

MBF 3C So you think you need a car … Search Engines used: google.ca, askjeeves.ca Assignment adapted from the OAME resources for MBF3C revised curriculum.

© South-Western Educational Publishing Chapter 23 Buying and Caring for a Vehicle  Buying a Vehicle  Maintaining Your Vehicle.

MAJOR EXPENDITURES: TRANSPORTATION Advanced Level.

Lease vs. Buy Decisions  Urbina International has decided to acquire a new truck. One alternative is to lease the vehicle on a 4-year contract for a lease.

MAJOR EXPENDITURES: TRANSPORTATION AND HOUSING Advanced Level.

Buying a Vehicle.

Auto Upkeep Basic Car Care, Maintenance, and Repair (2nd Edition)

Can you afford a car? Automobile Simulation.

Would you survive financially in the real world?

My Budget Project Math of Finance Block:_____

What are transportation options in your community?

Buying a New Car.

Budgeting Take Charge.

24Hoursassist.com.au Introduction driving financial futures May 2018

Presentation transcript:

BUYING A CAR Basics of Acquiring a Car

Acquiring Car…Need or Want Luxury or Necessity

Find a car you like. Find and select method of financing the car. Research and select affordable insurance options. Drive automobile home!!!!! Steps in Buying a Car

Options for Acquiring a Car New –Advantages –Disadvantages Used –Advantages –Disadvantages Leasing or Buying –Advantages –Disadvantages

Financing Banks On-Site Financing Savings Gifts from Relatives

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 Change down payment Change interest rate Change loan term

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 You must have a valid drivers license.drivers license You must register your car and get license plates from the Department of Motor Vehicles (DMV).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!!!!!