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.

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Presentation transcript:

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 when you are absent? 3)What must be included in your portfolio? 4)At what exact moment is your portfolio due? 5)Did you log into Infinite Campus this weekend to find out your grade? 6)What is the main reason that you purchase health insurance? 7)What other kinds of insurance would you like to have? WARM UP 11/12

9.1 Purchasing a New Vehicle ONE OF THE FIRST MAJOR PURCHASES THAT MANY PEOPLE MAKE IS A VEHICLE. THIS PURCHASE INVOLVES MANY DECISIONS – NEW VS USED, LEASE VS PURCHASE, PAYMENTS VS PAID-IN-FULL, COMPREHENSIVE VS COLLISION ONLY INSURANCE, ETC. DETERMINING THE COST OF OPERATING A VEHICLE IS ALSO AN IMPORTANT FACTOR IN ACQUIRING ONE. WHILE YOU’RE NEGOTIATING WITH THE SALESPERSON, DO NOT GET DISTRACTED BY THE MONTHLY PAYMENT; ONLY NEGOTIATE THE ACTUAL DOLLAR AMOUNT OF THE CAR.

9.1 Purchasing a New Vehicle Sticker Price: By law must be placed on the window of a new vehicle for sale. Sticker price includes base price, options, and destination charge. Base Price: the price of the engine, frame, and other pieces of standard equipment for a particular model. Invoice price, or dealer’s invoice. The price the manufacturer charged the dealer for the car. Options: These are the extras that you may want for convenience, safety, or appearance. Destination Charge: This is the cost of shipping the vehicle from the factory to the dealer. This charge is not optional. Vocabulary

9.1 Purchasing a New Vehicle Blue Book price. This refers to prices for used cars listed in the Kelley Blue Book. Other sources, both online and in print, also list the estimated values of used cars. Dealer preparation fee. A charge dealers will try to tack onto your bill after the sale is made. They claim it is for “preparing” the new car, for example, taking the plastic wrapping off the seats. Manufacturers pay the dealers for this, so you should not accept this charge. Destination charge. The cost of transporting the car from the manufacturer to the dealership. There should be no dealership markup on this charge. Add-on interest. A system of calculating the interest and adding it to the principle at the beginning of the loan, so that if you are able to pay off the loan early, you will still have to pay all the interest. Upside down. A dealership term for owing more on a trade-in than the vehicle is worth. Vocabulary

9.1 Purchasing a New Vehicle What are some features that may be considered optional? AIR CONDITIONING SEAT WARMERS ABS SUNROOF POWER STEERING POWER WINDOWS POWER DOOR LOCKS PREMIUM TIRES RIMS PREMIUM SOUND LUGGAGE RACK TOW HITCH FLOOR MATS

9.1 Purchasing a New Vehicle

 S39E S39E Cadillac ATS

9.1 Purchasing a New Vehicle  SB5E SB5E Chevy Sonic

9.1 Purchasing a New Vehicle You go to a car dealership and test drive a new car. The no-haggle sticker price on the vehicle is $23,055. You would like to upgrade the sound system, which is an additional $510. The destination charge is $625 and is not optional. What is the total sticker price for the vehicle? What is the total cost if sales tax is 7.75%? CHAPTER 9 VEHICLE TRANSPORTATION

9.1 Purchasing a New Vehicle You go to a car dealership and test drive a new car. The no-haggle sticker price on the vehicle is $23,055. You would like to upgrade the sound system, which is an additional $510. The destination charge is $625 and is not optional. What is the total sticker price for the vehicle? What is the total cost if sales tax is 7.75%? CHAPTER 9 VEHICLE TRANSPORTATION Sticker Price = $23,055 + $510 + $625 = $24,190 Total Cost = $24,190 x.0775 = $26,064.72

9.1 Purchasing a New Vehicle Scott is shopping for a new car. A portion of the sticker for a convertible is shown below. What is the sticker price for the vehicle? 2014 Honda Civic Base Price$23,140 Optional Equipment Anti Lock Brakes$730 Automatic Transmission$815 Destination Charges$499 Sticker Price $ 25,184

9.1 Purchasing a New Vehicle What is the sticker price for the vehicle? 2014 Cargo Van Base Price$22,245 Optional Equipment 4.6L EFI VB$1,186 Speed Control$204 Trailer Towing Package$336 Destination Charges$715 Sticker Price $ 24,686

9.1 Purchasing a New Vehicle Page CLASSWORK ASSIGNMENT