Buying a Used Car. Bell Ringer When you think of a “good car,” what features and characteristics do you have in mind?

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Presentation transcript:

Buying a Used Car

Bell Ringer When you think of a “good car,” what features and characteristics do you have in mind?

What Do You Need to Know? What are some steps to make to get the right car at the right price? How do you find out what the dealer may have paid for a car? When do you let the salesman know you have an another vehicle to trade in? What are your options to pay for the car?* When might dealer financing be a good deal?* Is leasing a vehicle a good option? What is the cost of sales tax, insurance, tags, property taxes, and title fees?

Rate Your Dream Car Handout

Suggestions Do not tell the salesman how much you can spend each month on a car payment? Do not fall in love with a specific vehicle. Complete an inspection using a checklist. Online Resource - nical.html

Suggestions Have a mechanic do a more thorough inspection before you decide to purchase it. Check the car’s title history on or $34.99 $29.99 Check the consumer reports car buying issue Check the value using a reliable source

The Car Name Game Just take the letters in any automaker’s name and write out what you think they might stand for. Ex. Ford = Found on Road Dead Acura BMW GMC Honda Mazda VW Lexus

Reliable sources to determine the value include: Kelly Blue Book N.A.D.A Used Car Guide Edmund’s Used Car and Truck Prices and Reviews

Beware of Scams More Used Car Tips & Planning Your Purchase Handout