1. B
Students will understand options
and practices for meeting
transportation needs.
6.02-B “Choosing the Right
Vehicle”
Source
www.AAA.com December 2011
2. Factors to Consider Before
Purchasing
Determine what is affordable for you
Evaluate your driving habits
List needed features
Consider vehicle depreciation costs
Will you buy New or “new to you”?
3. What Can You
Afford?
Value of your trade-in
Amount of down payment
Budget $ available for
◦ Monthly installment payments or
◦ Monthly lease installment
◦ Lump sum payment for vehicle
Investment financing options
Insurance costs
4. Evaluate Your Driving
Habits
How will vehicle be used?
◦ What types of trips will be most frequent?
Local Short distance…will Electric car work?
◦ How many passengers will vehicle need to
carry?
◦ How much cargo space is needed?
Need trunk to lock
Open storage (pickup truck)
◦ Will vehicle be mostly on 4 lane highways?
Weather/geographic conditions? snow, mountains,
gravel/muddy roads
◦ Where will you park at home/work?
5. List of Needed Features
Needed or Wanted?
◦ Seating
◦ Cargo space
◦ Fuel economy
◦ Commute –Electric- MPG
◦ Style: 2 door, 4 door, 2WD, 4WD, sedan,
truck, SUV
◦ Safety features
◦ Specialty or convenience: GPS, CD
player, DVD player, Sirius radio
6. Consider Depreciation Costs
Biggest yearly expense for new cars is DEPRECIATION
Consider a model that has a track record of holding its
value for longer
Research how much models depreciate within the first 5
years
7. New or “New to You”?
Will you buy NEW or NEW to YOU vehicles?
Both have Benefits & Detriments
Consumer must weigh options and related costs to make best decision.
New Vehicle
◦ Higher pricing
◦ Possible purchase
incentives-rebates,
gas for year bonuses,
etc.
◦ Longer & broader
warranties
◦ Wider variety of units
available
◦ More variety in
features
◦ Can order “custom”
from factory
8. New or “New to You”?
Will you buy NEW or NEW to YOU vehicles?
Both have Benefits & Detriments
Consumer must weigh options and related costs to make best decision.
New to You
◦ Lower pricing
◦ Less buying incentives
◦ Warranties more limited
◦ Harder to find desired
vehicle & features
◦ Less choices widely
available
◦ Search longer to find
desired vehicle
◦ More maintenance due to
age & prior usage
◦ Get inspection to ensure
quality and performance
9. WARRANTIES &
MAINTENANCE
Review Warranty Investigate
◦ Length maintenance costs
◦ Coverage ◦ Check with an auto
◦ Limitations repair shop ( a
reputable or trusted
mechanic) for
estimated costs of
Fluids-oil changes, etc.
Parts-tires, batteries,
etc.
Other repair items
Overall value of vehicle
Check out major
components-engine,
4WD
10. INVESTIGATE SAFETY
RATINGS
Check with National
Highway Traffic Safety
Administration
(NHTSA)
www.SafeCar.gov # of airbags
Insurance Institute for Vehicle “roll” factor
Highway Safety (IIHS)
If using car seat,
www.IIHS.org/Ratings chek out access to
vehicle’s LATCH
system
11. SEEK RECOMMENDATIONS
Recommendations
Reviews
◦ Check webwsites for
◦ Ask friends expert opinions or reviews
◦ Ask family ◦ www.AAA.com/autosales
◦ Ask colleagues ◦ www.AAA.com/Go , click
◦ Ask your mechanic “On New Cars”
12. DON’T LIMIT CHOICES
Don’t get stuck on
one vehicle that
you can’t live
without!
Be flexible to get
more negotiating
room with seller
Check out vehicles
that meet your
needs