So, You Wanna Buy a Car?

1
So, You Wanna Buy a Car?

• What goes into buying your own vehicle?

2
Why do you want to buy your own vehicle?

• To have more independence?
• Saves time getting from place to place?
• Makes you feel more mature?
• Explain YOUR reasons
• for wanting to buy
• a vehicle.

3
Choosing a vehicle

• What kind of vehicle would fit my lifestyle and
  needs?
• Can I afford this type of vehicle, and all of the
  costs that come with it (insurance, registration,
  maintenance, gasoline)?
• How many passengers will I usually have?

4
Choosing a vehicle cont

• Will I be able to take on the responsibility of
  owning my own vehicle?
• How far will I need to drive on a daily basis?
• How long will I expect to keep the vehicle?
• Explain what vehicle YOU plan on purchasing and
  why.

5
Choosing a vehicle that is safe

• Does the vehicle have airbags?
• In head-on collisions, most fatalities occur when
  the driver hits the steering wheel and suffers
  head or chest injuries.
• Antilock Brake System (ABS)?
• Advantage they let you steer around an obstacle
  even if you panic and slam on the brakes.

6
Choosing a vehicle that is safe

• How does the vehicle hold up in a crash test?
• What is the size of the vehicle?
• The larger the vehicle, the more it protects you.
• Is the vehicle comfortable for you?
• After all, you will be the one driving it.
• Did you select a vehicle that is safe? Explain
  why or why not.

7
Choosing a fuel-efficient vehicle

• Consider the weight of the vehicle
• The less weight an engine pulls, the more
  efficiently it works, which saves fuel.
• Type of Engine
• - The more cylinders the engine, the more fuel
  it uses.

8
Choosing a fuel-efficient vehicle

• Design
• A streamlined vehicle has less air resistance
  than a vehicle with a boxy design.
• Type of Transmission
• Manual transmission consumes less fuel that an
  automatic transmission.
• Did you select a vehicle that is fuel-efficient?
  Explain why or why not.

9
How Much Should You Spend?

• How much should you pay for this vehicle?
• - Invoice (Cost to the dealer)
• - Manufacturers Suggested Retail Price (MSRP)
• - True Market Value (TMV)
• How will you purchase this vehicle?
• - Buy
• - Lease
• - Finance
• State the price, and how you will go about paying
  for it.

10
Extra Costs

• Registration?
• - How much for your type of vehicle?
• Maintenance and repairs?
• - Will the vehicle need maintenance or repairs
  often?
• Insurance?
• - List the factors that will affect the cost of
  insurance and explain how.
• http//www.quotesauction.com/Index_ip.asp
• Includes all three costs.

11
Optional Features

• Are there any optional features you would like in
  your vehicle?
• - Power windows, adjustable seats
• - Moon/sun Roof
• - Spoiler
• List the special features and why you chose them.

12
Vehicle Information

• Make / Model / Year
• Engine / Fuel
• Door / Body Style
• Transmission
• Mileage (City and Highway, mpg)
• Mileage (Odometer) For used cars
• Warranty?
• Along with a picture of your vehicle, include the
  above information.

13
Consumer Reports

• Look at the review of your vehicle
• http//www.consumerreports.org/cro/index.htm
• http//www.kbb.com/
• http//www.caranddriver.com/default.asp?section_id
  1
• http//www.edmunds.com/
• Print out a review of your vehicle.

14
Evaluate Your Decision

• Given your situation and the amount of money you
  had towards the vehicle, do you believe you made
  a good decision?
• Why or why not? (at least 5 sentences)