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

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

Personal Finance Autos and You. So You Want a Car, Huh?

Owning vs. Renting a Car economic group projects Due Thursday.

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

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.

Taxes on cars Buying a used car (Private & Dealer Buying a new car Financing.

Buying the Necessities

LEASE 1 LEASING 1. LEASE 2 Consumer Leasing Act Regulation M — consumer leases — more than 4 months — $25,000 contract or less LEASE.

Lesson 10.1 Automobile Basics July 2011Copyright © … REMTECH, inc … All Rights Reserved1 Introduction The automobile is the primary mode of transportation.

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.

Buying vs. Leasing ©autogazeta.com By Alicia Perry Jessica Perry.

Buying and Owning a Vehicle

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 3-1 Journals, Source Documents, and Recording Entries in a Journal.

Chapter 19 Transportation. Options Mass transit= transportation systems like TANK buses Saves energy, money, pollution Pg 483 fig 19-2.

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.

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

Contemporary Engineering Economics, 4 th edition, © 2007 Generalized Cash Flow Approach – Lease versus Buy Lecture No. 42 Chapter 10 Contemporary Engineering.

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.

6.8.  Formulas: Total # of monthly payments x Amount paid per month = Total amount of monthly payments Total amount of monthly payments + Down Payment.

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.

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.

FIRST TIME HOMEBUYER What do you need to know to make buying your first house easy and affordable.

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.

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

 Complete review questions 1-13  Take out everything you have done so far for your Budget Project and have it on your desk. › I’m coming around to check.

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.

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

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-

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

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

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.

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

Buying a Car. Important Car Buying Trade-Offs The smaller the engine, the less gas it burns Give up better acceleration and power Newer Automobiles Cost.

Managing your Personal Finances Unit 2: Getting Your First Car New vs. Used Car 1.

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

TheAICE.com Presenters: Allen Monello and Larry Peters Copyright 2010 Automotive Industry Center for Excellence, LLC

© 2005 Consumer Jungle Financing a New or Used Car.

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

Buying and Caring for a Vehicle

© 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.

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.

Business Math JOHN MALL JUNIOR/SENIOR HIGH SCHOOL.

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?

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

Qualifying for a loan before you need it is called _______. Pre-Approval.

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

Do Now 1)How do most people pay for college? 2)Why do people take this risk?

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

Chapter 9 Vehicle Information. Do Now: What is a title?

Transportation Chapter 12. Transportation Local, state, and federal transportation offices Individual transportation –Bicycles –In-line skates –Motorcycles.

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.

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.

PURCHASING A VEHICLE Chapter 16. Car Buying Terms ■Invoice Price – the manufacturer’s initial charge (including delivery) to the dealer; usually higher.

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.

Work Lease Vehicles: Five Reasons Why Leasing Livery Makes Good Sense.

Buying a car Figuring out how much it will cost. Terms to know A.P.R.- Annual Percentage Rate Term: Amount of time you are going to pay on the loan. Principle:

Would you survive financially in the real world?

UNIT 3 GETTING YOUR FIRST CAR

Presentation transcript:

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

Reminders Test and Binder Check Make-ups

10.1- Buying a Car What should you consider when buying a car? A car is a major investment so you need to start with research. Depreciate- decrease in value New cars depreciate quickly. New cars have warranties. Used cars cost less but are less reliable. Certified used cars come with limited warranties.

How Can I finance the purchase of a car? Pay cash Take out a loan Take our a lease

What should I do after I buy a car? 1) Call around and price different insurance agencies. 2) Find out the state law for vehicle titles, taxes, registration Keep the titles, sales receipts, and other important documents outside of the car! Only the registration and proof of insurance should be carried in the vehicle.

Guided Practice Pros and cons of new vs used.

Independent Practice 1) Read the information on new vs leasing vs used and answer the questions

Exit Ticket 1) Which car buying option makes the most sense for younger people? 2) Why?