2. BUYING A CAR Basics of Acquiring a Car

3. Acquiring Car…Need or Want Luxury or Necessity

4. Find a car you like. Find and select method of financing the car. Research and select affordable insurance options. Drive automobile home!!!!! Steps in Buying a Car

5. Options for Acquiring a Car New –Advantages –Disadvantages Used –Advantages –Disadvantages Leasing or Buying –Advantages –Disadvantages

6. Financing Banks On-Site Financing Savings Gifts from Relatives

7. Variables used in Achieving Monthly Payments Vehicle Price Down payment or no down payment State Sales Tax Financial Institutions Interest Rates

8. The Effects of the Variable of an Automobile Loan Change down payment Change interest rate Change loan term http://primes.wested.org/buyingacar/buyacar_worksheet.pdf

9. Summary Acquiring Car…Need or Want Steps in Buying a Car Options for Acquiring a Car Financing Variables used in Achieving Monthly Payments The Effects of the Variable of an Automobile Loan

10. Discussion and Reminders You must have a valid drivers license.drivers license You must register your car and get license plates from the Department of Motor Vehicles (DMV).Department of Motor Vehicles (DMV) Know the real cost of a car. Shop around for insurance cost. You and your passenger must always wear seat belts. Know what to do in an accident!!!!! http://www.fosteryouth.net/Transportation/Buying_a_Car/The_Real_Cost_of_a_Car.asp