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

2. Car Buying Basics

3. Assess What Is Important
But what is important??

4. Buying vs. Leasing Buying Leasing Assumes ownership of car
All costs (gas, loan, maintenance, repair)
No limitations on ownership years, mileage
Leasing
Essentially a car rental for a set amount of time
Monthly payments are usually less than actual ownership
All costs
Limitations on mileage
Option to buy at end

5. Buying vs. Leasing
Work with a partner and determine what are some of the pros and cons of both buying and leasing??

7. Key Terms To Know
MSRP
Dealer Invoice
Car Options
Dealer Incentives

8. Key Terms To Know MSRP Dealer Invoice
Manufacturers Suggested Retail Price
What the maker of the car suggests it should sell for
Also, “Sticker Price” and “Retail Price”
Dealer Invoice
How much the dealer paid to obtain the car

9. Key Terms To Know Options Dealer or Factory Incentives
Anything extra that can be added to the car
Sunroof, power locks or windows, security, etc…
Dealer or Factory Incentives
Offers to try to get people to buy or lease
Money off, loan rates, etc…

10. KBB and Loan Calculator
Kelly Blue Book
Interest is a factor!