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BUYING A CAR Basics of Acquiring a Car Acquiring Car…Need or Want Luxury or Necessity.

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Presentation on theme: "BUYING A CAR Basics of Acquiring a Car Acquiring Car…Need or Want Luxury or Necessity."— Presentation transcript:

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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

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!!!!!


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