Auto Financing 101 : Understanding How to Make Good Vehicle Financing Decisions Brought to you by AWARE www.AutoFinancing101.org.

Slides:

Advertisements

Similar presentations

Auto Financing 101 : Making Smart Vehicle Financing Decisions Brought to you by AWARE

Advertisements

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.

Auto Buying 101 This presentation does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the.

Keys to Car Buying Presented by Tom Stapleton. Overview Determine How Much You Can Spend Research Know What The Dealer Paid for the Car Contact The Dealer.

Auto Financing 101 : Making Smart Vehicle Financing Decisions Brought to you by AWARE

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

Lease Regardless of Credit Score Typical Deal 2005 Vehicle $25,000 selling price $1500/mo payment 28 month term $2,500 Buyout Typical Start Ups Doc Fee.

Teens 2 lesson eight cars and loans presentation slides 04/09.

Step 1 Select good to buy Step 2 Select quantity to buy Step 3 Click “Buy” to purchase the item selected Remember, prices will change over time Step 4.

ECONOMICS Year in review. Market economy – economic system in which the people, rather than the government, own the resources and run the business Mixed.

Chapter 8: Automobiles and Other Major Purchases.

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.

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.

CALCULATING THE COST OF TOTAL CREDIT Personal Finance.

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 CAR AND INSURING IT. WHAT IS THE DIFFERENCE BETWEEN... Type of Car You Want Type of Car You Need Type of Car you Can Afford.

Understanding the cost of capital Agricultural businesses rely on borrowed capital for inputs, machinery, equipment, and land Managing debt capital requires.

Buying a Car: The Need to Know Doug Martin, Taylor Meyer, and Matt Spanovich March 6, 2012.

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

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

TRANSPORTATION What are transportation options in your community? Average person spends 17% of their income on transportation. The breakdown is: 5.4% on.

Leasing vs. Owning: Which one has a higher monthly payment? a lease is based on only a percentage of the car’s price. – you only pay the difference between.

Lesson 10.2 Purchasing a Vehicle July 2011Copyright © … REMTECH, inc … All Rights Reserved1 Introduction Buying a vehicle generally involves.

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

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.

A Publication of Great Lakes Credit Union Tips To Remember During Your Car Search A HELPFUL GUIDE TO MAKE SURE YOU KNOW THE FACTS 4.

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.

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.

Credit Intro Review  Define Credit  What is interest?  How to stay out of credit debt?!  T or F : A payment is counted as a charge in the transaction.

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.

ORGANIZING A BUSINESS THE BUSINESS PLAN. BUYING A BUSINESS – Assignment 1 1. Research two or three banks prime and base rates. 2. While you are at each.

Lexus LS 460L TEAM 3 MEMBERS : Adrian Escalera Andrew Robertson James Snell.

The Purchasing Function The Buying Process. Types of Purchase Situations New Task Purchase Occurs because of an unrecognized need. Desire to change an.

Chapter 8: Automobiles and Other Major Purchases.

Paying for a Vehicle Unit 9. Payment Options Cash – Pay for the full cost of the car with the money you have – Not usual, but a good option if you have.

CHAPTER 6Slide 1 of 7 Chapter 6. BUYING A HOME Finding the right dwelling at the right price… Protecting your legal and financial rights as a buyer A.

MAJOR EXPENDITURES: HOUSING Personal Finance Mrs. Virts.

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

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.

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

Leasing Questions Answered Lease Company (Lessor) Customer (Lessee) Legal Agreement Vin Number Specific Vehicle Specific Amount of Time Specified Conditions.

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

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

SMART CONSUMER. Housing Vocabulary Rent Security deposit Sublet Foreclosure Downpayment Tenant Interest rate Title Appraisal Lessor Closing Equity Property.

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 a Car and Insuring It. What is the Difference Between... Type of Car You Want Type of Car You Need Type of Car you Can Afford.

Sally Buys a Car! Lesson 2: Auto Repairs and Services.

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.

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.

Page 1 Sales Strategies of the Past, Present and Future: A Journey Through the Evolution of the Automobile Consumer Sheri Michinok Director, Sales

Find Best Bad Credit Car Loans in New Bern

CH 12, 12.3 To Buy or Lease?. FACT: More than 80% of people finance their car purchase. Advantages of financing through a dealership? convenience low.

Cars and the Consumer An automobile is one of the most important purchases many people will make. An automobile is one of the most important purchases.

FIN 419 Complete Class FIN 419 Finance for Decision Making To purchase this material click below link Complete-Class.

Lesson 13.2 The Home-Buying Process

Closing the Sale Sales contract – agreement to purchase a vehicle that states the offering price and all conditions of the offer; legal binding contract.

Chapter 6 Consumer Purchasing Strategies and Wise Buying of Motor Vehicles McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights.

Car Buying Vocabulary Manufacturer- A company that makes goods for sale, like cars. Dealership- An establishment authorized to buy and sell cars. MSRP-

The Car Deal Package Take notes Be sure to include all vocabulary

Would you survive financially in the real world?

Television Is Clearly The #1 Driver When It Comes To Making Likely Buyers Aware Of Their Local Vehicle Dealerships TV almost doubles the next highest ranking.

What are transportation options in your community?

CAR BUYING PROCESS PERSONAL FINANCE.

TV Is In The Driver’s Seat When It Comes To Influencing Likely Buyers To Take A Test Drive At Their Local Dealership Source: VAB Automotive Likely Buyers.

AUTO LEASE CAR autoleasecar.com.

AUTO LEASE BROKER NY LEASE SPECIALS AUTOLEASEBROKERNY.COM.

Presentation transcript:

Auto Financing 101 : Understanding How to Make Good Vehicle Financing Decisions Brought to you by AWARE

Before visiting the dealership: Determine a realistic price range Know the difference between buying and leasing Know your credit record Compare auto financing offers from multiple sources 1

When shopping for an auto at the dealership: Stick to your price range Negotiate your finance arrangements and terms Understand the meaning and price of optional products Read the contract 2

After completing the auto purchase or lease: 3 Make your payments on time Be aware of any liens on your vehicle Talk to your creditors if you run into difficulties Know your obligations Realize you can refinance at any time