Start….. Buying a Vehicle Lesson By Joe Coakley Tips for Buying a Vehicle Presentation Outline 1. Money talks 2. Type of vehicle 3. Buying or leasing 4. New or used 5. Buying used 6. Buying new 7.Purchasing a vehicle 1. Money Talks How much can you spend Financing Interest rates Insurance Research Consumer guide News paper Dealerships Internet searches 2. Type of Vehicle Car Sports Sudan Coupe Truck Four wheel drive Two wheel drive King cab Continue…. Van Mini Full size What Brand? Ford Decisions Chevy Toyota Ford Dodge Etc………… Chevy? 3. Buying or Leasing Why buy You own it Miles Get more out of vehicle Why Lease New car every 3 years Less worries Option to buy 4. New or Used Why buy new Less maintenance Better warrantee Less worries Why not to buy new More money More insurance Continue…… Why buy used Less money Less insurance Better deals Why not to buy used No; to very little warrantee Taking owners word Might be a lemon 5. Buying Used Checklist Check exterior of vehicle Use magnet to check body panels Check for oil leaks, damaged hoses and belts Condition of the tires Check all electronics(radio, lights, dash lights) Continue……. Test Drive Brakes Pulls Noises or Vibrations Clutch or transmission Have a mechanic check it out TEST THE CAR OUT!! Dealerships Ask for deals or specials Do not let them talk you into something you do not want Go to different dealerships of the same company Ask about ordering 6. Buying a New Vehicle Pick what you want Ask questions Be very picky Shop around Test drive FORD 7. Purchasing a Vehicle Have no doubts Checked around Gone to different banks Are completely happy Tip to remember It's only a car. It won't make you smarter, better looking or richer. If you overbuy, a hefty car payment will rapidly begin to affect your life in a negative way. Because cars are a depreciating "asset," being conservative is almost always to your advantage. Summary 1. Money talks 2. Type of vehicle 3. Buying or leasing 4. New or used 5. Buying used 6. Buying new 7.Purchasing a vehicle The end.