1. How do you want to get around?
Transportation
How do you want to get around?

2. New vs. Used Used means it was previously owned by someone else
New means no one has owned the car before you

3. Positives to Purchasing a New Car
Full Factory Warranty
No potential abuse or surprises
Lower financing rate
Able to lease
Lemon Law coverage
New car smell
Get what you want

4. Negatives to Purchasing a New Car
Higher price, higher monthly payment
Rapid depreciation in the first few years of ownership
New car buyers absorb the bulk of a vehicle’s depreciation
Except when there are vehicles in high demand with low supply
Less price variation between same make and model

5. Positives to Purchasing a Used Car
Lower price, lower monthly payments
Major depreciation has already occurred
More price variation between similar makes and models
Even greater choice

6. Negatives to Purchasing a Used Car
Greater risk: private sellers and dealers will rarely offer assurance of a warranty
Hidden past unknown
Higher financing rate (more interest)
Limited leasing options
No Lemon Law coverage

7. Points to Consider When Purchasing a Vehicle
Fuel efficiency:
Ownership cost: “maintenance and repairs” =buy&subject=costs&story=opCar

8. Average Miles Assumed to be about 15,000 miles per year
You need to think about where you are going to live vs. where you are going to work.

9. Car Research www.kbb.com www.Carfax.com www.fueleconomy.com
Insurance Companies
Geico
Statefarm
AAA
Farmer’s
Progressive
And so on…