fb5ec386bcad53ada2ddb01d616d19f7.ppt
- Количество слайдов: 25
Buying a Car Notes Independent Living
Mass transit Another name given to public transportation (e. g. city bus).
Maintenance The ongoing cost of owning a car. Examples?
Sticker Price information affixed to the vehicle window.
Book value The suggested retail price of the make and model of the car.
Lease A contract of terms and temporary ownership for a vehicle. (Renting the car) Advantages: Get new car every few years No sales tax up front Disadvantages Never actually own during leasing time Always have to repair if problems arise
Depreciation Decrease or the loss in value of a vehicle.
Lemon Law Lemon=a car that fails to meet standards in quality and performance. All 50 states have passed this in order to protect the consumer from being stuck with a “lemon” automobile.
Title Legal documentation of ownership of a vehicle. The bank keeps the title while you’re making monthly payments
Pre-owned Another term for a used car.
Financing The process of paying for a vehicle. (Car loan)
Warranty A written guarantee given to the purchaser of a NEW car by the manufacturer or dealer, specifying that the manufacturer will make any necessary repairs
Before you buy a car… You have to be 18 to buy a car in NE. Before you buy a car…. Decide what you actually need Decide if you’ll buy new or used Do your research-be informed
Deciding what you really need…. Evaluate when/where you will be driving car What are your weather conditions like? Will you have lots of highway driving or city driving? Timing to buy: Summer, cheaper SUV’s Winter, cheaper sports cars
Decide if you’ll buy new or used… New Runs better Has warranty Better gas mileage Better performance Window sticker (know the price) Used More to choose from Cost less You need to find out where it’s from and who owned it previously Doesn’t usually have warranty
Do your research… Get car-fax (detailed history of the vehicle) Not always available if you buy from owner instead of dealership Always test drive Check engine, transmission, sensor lights, etc. Don’t forget about additional fees: Documentation fee Sales tax Registration fees License plates fee Lincoln=wheel tax The average consumer is much more informed than 10 years ago
Financing (car loan) Factors that affect your ability to get a car loan: Credit history Driving record Factors that affect your interest rate on that car loan: Credit history Driving record Type of car: 2 -door vs. 4 door, newer vs. older 2 -door=higher rate (more risk) Older=higher rate (more risk) Car safety rating Color doesn’t matter
Financing (car loan) Highest interest rate in NE: 18%, usually between 5 -8% Insurance rate decreases when you turn 25 or when you get married/have kids (less risky)
After purchase costs (“back end”) Added warranty Added “toys”
Additional Car Review Insurance on a used car is less than insurance on a new car Buying a car is the 2 nd largest purchase most people make
What to do if you’re in an accident: NE is TORT state- someone must be found at fault in an accident How you react can prevent further injuries, reduce costs and accelerate the clean-up and repair process.
What you should DO if in an accident. Pull over to the side of the road (if possible) Turn hazard lights on Take pictures Exchange information Name, address, phone #, driver’s license number, license plate number, insurance info, type of car etc. Identify witnesses File an accident report
What you SHOULD NOT do if in an accident Don’t drive away. It’s against the law! Don’t freak out. Try to stay calm. Never admit it was your fault (don’t lie but don’t say anything)
Who pays? If the accident was minor, you and the other drivers may decide to handle the damages yourselves without the involvement of an insurance company. But this isn't always the best idea, for several reasons: While the other driver may agree to pay for the damage to your car on the day of the accident, he may see the repair bills and decide it's too high. At this point, time has passed and your insurance company will have more difficulty piecing together the evidence if you file a claim.
Texting while driving AT&T Video: Don’t text while driving documentary
fb5ec386bcad53ada2ddb01d616d19f7.ppt