AO - Buying a Car Lesson

Buying a Car

Introduction

So, you’ve saved up some money now and built up your credit. It’s time to buy yourself a car! A car might very well be someone’s first really big purchase and you don’t want to make a mistake! These kinds of mistakes might cost you a lot of money!

It’s important to research and be well informed on the type and brand of car that you want. Compare some prices online before even approaching a car dealership! Let’s take a look at just some of the factors that go into purchasing a vehicle.

A Brand New Car

In Your Notebook: Please take down important notes, such as formulas, and attempt the practice examples on your own before viewing the solutions!

How About a Used Car?

Automobile dealers usually advertise used cars for prices that are higher than what they expect you to pay. Used-car guides are published monthly that give the average prices for cars that were purchased from dealers during the previous month. This information can help you make decisions about how much to pay for a used car or truck.

Average Retail Price = Avg. Retail Value + Additional Options - Options Deductions - Mileage Deductions

Become a Car Buying Pro!

Watch the following video for excellent tips on how to make the best choice when purchasing a vehicle.

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