1. Do Now 1)What is an important thing to consider when buying a car? 2)How do people afford to buy cars?

2. Reminders Test and Binder Check Make-ups

3. 10.1- Buying a Car What should you consider when buying a car? A car is a major investment so you need to start with research. Depreciate- decrease in value New cars depreciate quickly. New cars have warranties. Used cars cost less but are less reliable. Certified used cars come with limited warranties.

4. How Can I finance the purchase of a car? Pay cash Take out a loan Take our a lease

5. What should I do after I buy a car? 1) Call around and price different insurance agencies. 2) Find out the state law for vehicle titles, taxes, registration Keep the titles, sales receipts, and other important documents outside of the car! Only the registration and proof of insurance should be carried in the vehicle.

6. Guided Practice Pros and cons of new vs used.

7. Independent Practice 1) Read the information on new vs leasing vs used and answer the questions

8. Exit Ticket 1) Which car buying option makes the most sense for younger people? 2) Why?