9.3 Purchasing a Used Vehicle 1)($37,419 x 89%) + ($2,946 x 85%) + $715 = 2)($15,294 x 93%) + ($860x 90%) + $595= 3)A minivans base price is $19,575. The.

Slides:

Advertisements

Similar presentations

The Open Road A vehicle can be a symbol of freedom, but it requires responsibility. What responsibilities come along with owning and operating a vehicle?

Advertisements

SAVVY SHOPPER TIP: TRADE vs. SELL My Used Car?. Age, miles, dents, tires, color, accidents, make, model….all of these items decides the value of my trade.

So, you want to buy a car? n This webquest is intended to help you go through the process of purchasing your first used car on your own. You will be guided.

10 Steps. Price Shopper Best possible price Gets you from Point A to Point B Value Shopper Good Price but willing to pay for premium quality.

The Open Road A vehicle can be a symbol of freedom, but it requires responsibility. What responsibilities come along with owning and operating a vehicle?

CHAPTER 23 BUYING A VEHICLE. Steps in the Car Buying Process Identify your needs and wants What do you need to do with your car? Will you drive a lot.

The Car-Buying Process Transportation. Should you buy a car?  Can you afford it? - Car payment should be no more than 20% of your take-home pay. But.

Word Problem Applications

Warm Up 11/ = – = Sport truck with 42,306 miles driven on it. Average retail value is $19,600. Add $275.

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.

CALCULATING THE COST OF TOTAL CREDIT Personal Finance.

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.

Purchasing a Vehicle Can you name 7 places that you can purchase a car from? 1.By Owner 2.Used car dealership 3.New Car Dealership 4.Auction 5.Rent-A.

REVIEW WINNERS 100 points Tula Matt & Peter Worked Solo Charlie Savannah Kim.

Warm Up 11/14 ($37,419 x 89%) + ($2,946 x 85%) + $715 =

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.

The Open Road A vehicle can be a symbol of freedom, but it requires responsibility. What responsibilities come along with owning and operating a vehicle?

Grant Yost. NEEDS  Four door  Automatic transition  Air conditioning  Safe  Good gas millage  Luggage space  Defrosters  Anti-lock breaks (If.

Chapter 12: Transportation. New or Used?  What are the pros and cons of each option?

Chapter 17/13.5 Buying and Owning a Vehicle and Insurance.

Buying a Car Jeopardy Final Jeopardy Car Buying Vocabulary Insurance Types of Coverage All.

Auto Insurance Financial Responsibility Law Do you have to have insurance? Why? What kind? 2 Major Types of Coverage Property (Comprehensive and Collision)

So, You Wanna Buy a Car? What goes into buying your own vehicle?

9.2 Dealers Cost Warm Up 11/13 1) $38,306 + $380 + $715 + $565 = 2) $15,342 + $1,225 + $319 + $90 = 3). $39,966 $16,976 $ 25,184.

James Wachsmuth, Dan saccocio.  “super car” classification  in 3.7 seconds  288 horsepower  Hand built, carbon fiber body  Top speed 125.

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

Ch New Cars: Selecting and Financing Objective: 1.Find out how to shop for a new car 2.Calculate the percent of markup 3.Calculate monthly car payments.

7-5 LEASING A NEW CAR OBJECTIVE: TO FIND THE COST OF LEASING A CAR Warm Up Calculate:24,500(.04) + 36(342) + 60.

Buying a Car. Objectives  Students will:  be able to find a car that fits your needs.  be able to decide whether a new or used car is right for you.

What is the average cost of a brand new car? $31,252.

SECTION 9-3 Purchasing a Used Vehicle pp

9.3 Purchasing a Used Vehicle 1) = 2)14500 – = 3)Sport truck with 42,306 miles driven on it. Average retail value is $19,600.

What to know? How much can you spend every month? What are Benefits to new, used & leases? Should I Buy or lease? Do I have a Down payment or Trade-In?

Vehicle Transportation. Purchasing a New Vehicle Sticker Price: The total price of the vehicle, including the base price, options, and destination charge.Sticker.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L11.1 The Cost of a Car BUYING A CAR Having a new car is exciting, but buying a car can gut wrenching.

Copyright 2014 © W. Seth Hunter ConsumerMath.org L11.3 Negotiating the Best Price BUYING A CAR Having a new car is exciting, but buying a car can gut wrenching.

9.1 Purchasing a New Vehicle 1)What are the conditions that will allow you to make up a test if you are absent? 2)How long do you have to make up a test.

Allyson Palagi. Official Kelley Blue Book

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

Vehicle Transportation ACOS Objective Algebra 1: Use algebraic techniques to make financial and economic decisions. Today we focus on costs involved in.

Used-vehicle guide - Guides published monthly that give the average prices for vehicles that were purchased from dealers during the previous month. 9.3.

7-1 BUYING A NEW CAR OBJECTIVES: 1) CLASSIFY COSTS OF OWNERSHIP AND COSTS OF OPERATION FOR A CAR 2) CALCULATE EXPENSE PER MILE FOR A CAR 3) CALCULATE MARKUP.

Lesson 9.2 Dealer’s Cost. Why do you pay more than the dealer does when you buy a car? Make profit on car Make profit on options Pay commission Pay destination.

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.

9.1 P URCHASING A N EW V EHICLE Sticker Prices are required by law. What is included in the sticker price? Base Price: the price of the engine, chassis,

Kelley Blue Book Names Hyundai Sonata a 'Best Family Car of 2015'

Selling & Buying a Car.

Buying a Vehicle.

6.02 Meeting Transportion Needs

The Open Road A vehicle can be a symbol of freedom, but it requires responsibility. What responsibilities come along with owning and operating a vehicle?

Vehicle Transportation

Depreciation Activity

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

Can you afford a car? Automobile Simulation.

Operating and Maintaining a Vehicle

Automobile Ownership # FirstName LastName.

Purchasing a Vehicle 6.2a.

SECTION 9-3 pp Purchasing a Used Vehicle.

Lesson 9.2 Dealer’s Cost.

SECTION 9-1 pp Purchasing a New Vehicle.

SECTION 9-2 Dealer’s Cost pp

SECTION 9-1 Purchasing a New Vehicle pp

SECTION 9-2 pp Dealer’s Cost.

Purchasing a Vehicle 6.1a.

Purchasing a Vehicle 6.2a.

Operating and Maintaining a Vehicle

SECTION 9-3 Purchasing a Used Vehicle pp

Recent New Light-Vehicle Sales…

Presentation transcript:

9.3 Purchasing a Used Vehicle 1)($37,419 x 89%) + ($2,946 x 85%) + $715 = 2)($15,294 x 93%) + ($860x 90%) + $595= 3)A minivans base price is $19,575. The options total $3,130. It has a destination charge of $665. If the dealer pays an estimated 94% of the base price and 88% of the options, what is the dealers estimated cost? $36, $15, $ 21,819.90

9.2 Dealers Cost What are some advantages of purchasing a used car? What are some advantages of purchasing a used car? What are some disadvantages of purchasing a used vehicle? What are some disadvantages of purchasing a used vehicle?

9.3 Purchasing a Used Vehicle Vocabulary

Where do you find the average retail price of a used car? The Used Vehicle Guides are published monthly by the National Automotive Dealer Association (NADA) or through Vehicle Market Research. You can also use Kelly Blue Book (KBB) to find the suggested wholesale and retail prices.

9.3 Purchasing a Used Vehicle

Average Retail Value +Options – deductions – Mileage deduction Example 1 Open Up your books to Page 321, and find Table 9.2 at the top of the page. Jackie would like to purchase a four-year-old Palamino V8 four- door car, which is advertised for $15,450. It has no air conditioning. It had power door seats, premium sound, leather seats, and a power sunroof. It has been driven 51,760 miles. The used vehicle guide indicates that $575 should be subtracted if the mileage is from 45,001 to 52,500 miles. What average retail price should Jackie keep in mind when she makes an offer on the vehicle? $ 14,675 + $1,115 - $800 - $575 $ 14,415.00

9.3 Purchasing a Used Vehicle Complete the following on your own. Using the table on page 321, find the average retail price for a four-year old V6 four-door vehicle that has air conditioning, power seats, leather seats, manual sunroof, and aluminum wheels. It has been driven for 36,500 miles. The used-vehicle guide indicates that $525 should be added if the mileage is from 30,001 to 37,500 miles. What is the average retail price for this vehicle? Average Retail Value +Options – deductions +/- Mileage deduction $ 13,050 + $815 - $0 + $525 $ 14,390.00

9.3 Purchasing a Used Vehicle Page