1. © South-Western Educational Publishing Chapter 23 Buying and Caring for a Vehicle Buying a Vehicle Maintaining Your Vehicle

2. GOALS © South-Western Educational Publishing Lesson 23.1 Buying a Vehicle Describe the process of buying a new or used car, including selection, financing, and wise buying practices. Explain automobile leasing costs, processes, advantages, and disadvantages. Discuss consumer protection available for new- and used-car buyers.

3. © South-Western Educational Publishing Steps in the Car-Buying Process Identify your needs and wants. Determine what you can afford. Identify and research your choices. Decide whether to buy new or used. Get credit pre-approval. Search for available vehicles. Test drive each vehicle. Check the history of a used vehicle. Get the vehicle checked mechanically. Vehicle emission test Determine a fair price. Negotiate the price.

4. © South-Western Educational Publishing Financing Your Car Financial institutions Car dealers Leasing a car

5. © South-Western Educational Publishing Consumer Protection for Car Buyers Lemon laws The FTC used-car rule http://www.ftc.gov/bcp/edu/resources /forms/buyers.pdf

6. © South-Western Educational Publishing Truth-in-Lending Act the truth-in-lending act requires lender to inform borrower of: Amount financed What charges are included in amount financed Total finance charge, in dollars Annual Percentage Rate (APR) Payment schedule Total amount of payments Total sales price Prepayment penalty, if any Late payment penalty, if any Security interest Insurance charges teens – lesson 9 - slide 9-K

7. GOALS © South-Western Educational Publishing Lesson 23.2 Maintaining Your Vehicle List the costs of owning and operating a car, from depreciation, gas, and taxes to the cost of accessories. Describe methods for extending the life of your car and maintaining its resale value.

8. © South-Western Educational Publishing Cost of Operating a Car Gas and oil Depreciation Registration and title Maintenance and repairs Accessories

9. © South-Western Educational Publishing Extending the Life of Your Car Maintain fluid levels. Perform routine maintenance. Keep your car in a garage. Preserve the exterior. Preserve the interior. Follow wise driving habits.