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In The Market for a New Car?
Here is What To Look For….
Presented by www.309finance.com
 Are you in the market for a new car? Getting a new
vehicle is a major financial decision.
 Making an informed decision is important
because it will save you time, trouble, and money!
 This guide will help you choose a vehicle adapted to
your needs and budget.
“Never spend your money
before you have it.”
- Thomas Jefferson
Ask Yourself These Questions
How many passengers
will usually ride in my
car? Do I need room
for car seats?
Will I be mostly
driving on highways,
in a city setting, or
need to drive off road?
Will I have to drive on
ice and snow
throughout most of
the winter?
How important is fuel
economy to me?
How much space do I
need to transport
groceries and other
items?
How much space do I
have to park my car?
Budgeting
A good rule of thumb is to try
and keep your monthly
payments under 20% of your
take-home pay for the month.
Limit your search to vehicles in
this price range.
What Type of Vehicle Should I Get?
Sedan Hatchback SUV/Crossover
Coupe or
Convertible
Station Wagon or
Minivan
Truck
Other Considerations
Size: Family, Parking
Fuel: Gas, Diesel, or
Hybrid
Do I need a 4-wheel
drive?
"Don't let money run your life,
let money help you run your life better."
- John Rampton
The Leasing Process
1
• Make your best deal.
• With good credit, your down payment, monthly payments, and total cost are
all negotiable.
2
• Make payments for the duration of the lease.
3
• Once the term of the lease is up, return the car.
• You may have an option to choose a new vehicle and begin a new lease.
Meet These Requirements or Pay Penalties
• Drive a maximum of 10,000 or 15,000 miles each year.
• Penalty: 10-20 cents for each mile over limit
• At lease end, return the car in perfect condition.
• The dealer determines the extent of any damage.
• Finish your lease. Keep the car the whole term.
• Penalties for early turn-in can be waived if you upgrade with a new lease or
purchase.
Tips for Making Your Best Deal
• Negotiate the price of the car first, before saying that you want to lease the
car.
• Choose lease terms that best fit your budget.
• A large down payment = smaller monthly payments
• Choose a lease with a short duration.
• If you lease for longer than 3 years, the warranty will be up and you’re likely to
need repairs, paid for out of your pocket.
"If you think nobody cares if you're alive,
try missing a couple of car payments.”
- Earl Wilson
Important Considerations for Buying A Car
 Purchasing is the better option if you want to
customize your car or put more miles on it.
 Purchasing is more affordable than leasing if you want
to keep your car for at least several years.
 Downside of financing: You’ll spend more than the car
is worth when you pay interest and fees.
 Upside: You can get financing even with bad credit.
Find Your Best Deal For Your Situation
Shop for loans before shopping for the car.
Choose the shortest loan term you can.
Make a down payment.
Avoid including loan fees in the loan balance.
Keep shopping loans. You can refinance fairly new
vehicles at any time.
“It’s good to have money and the things that
money can buy, but it's good, too, to check up
once in a while and make sure that you haven't
lost the things that money can't buy."
-George Horace Lorimer
Get the Most for Your Trade-In
Determine the value of
your car. Check the
Kelley Blue Book, online
auctions, and ads.
Clean your car
thoroughly.
Make minor repairs.
Get the Most for Your Trade-In
Provide complete
record of maintenance
and repairs.
Expect to negotiate.
Keep buying or leasing
transactions separate
from the trade-in.
"If you would be wealthy,
think of saving as well as getting.”
- Ben Franklin
Get a Good Used Car at a Fair Price
1
• Decide what
features you
want.
2
• Research
desired cars.
Get reviews.
Compare
prices.
3
• Shop different
venues:
classifieds,
auctions, used
car
dealerships.
Get a Good Used Car at a Fair Price
4
• Get
maintenance
and repair
records.
5
• Obtain a
history report
through Carfax
or Autocheck.
6
• Talk to the
seller. Ask
questions.
Avoid
negotiating
until you see
the vehicle.
Get a Good Used Car at a Fair Price
7
• Test-drive the
vehicle before
making an
offer.
8
• Take the
vehicle to a
certified
mechanic.
9
• Expect to
negotiate to
get a lower
price.
Get a Good Used Car at a Fair Price
10
• Stay safe.
Meet in a
public place
to see the car.
11
• Ensure the
title is clean.
12
• Trust your
gut. Take the
time you need
to shop until
you feel
confident
about the car.
Conclusion
 Purchasing a car is a very important decision. Be wise and
take time to do some research.
 Compare your options, including leasing or applying for a
loan.
 Look into insurance quotes and maintenance costs since
these expenses will affect your budget.
 Find the best car for you, at the right price, and enjoy!
Presented by www.309finance.com

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In need of a New Car?

  • 1. In The Market for a New Car? Here is What To Look For…. Presented by www.309finance.com
  • 2.  Are you in the market for a new car? Getting a new vehicle is a major financial decision.  Making an informed decision is important because it will save you time, trouble, and money!  This guide will help you choose a vehicle adapted to your needs and budget.
  • 3. “Never spend your money before you have it.” - Thomas Jefferson
  • 4. Ask Yourself These Questions How many passengers will usually ride in my car? Do I need room for car seats? Will I be mostly driving on highways, in a city setting, or need to drive off road? Will I have to drive on ice and snow throughout most of the winter? How important is fuel economy to me? How much space do I need to transport groceries and other items? How much space do I have to park my car?
  • 5. Budgeting A good rule of thumb is to try and keep your monthly payments under 20% of your take-home pay for the month. Limit your search to vehicles in this price range.
  • 6. What Type of Vehicle Should I Get? Sedan Hatchback SUV/Crossover Coupe or Convertible Station Wagon or Minivan Truck
  • 7. Other Considerations Size: Family, Parking Fuel: Gas, Diesel, or Hybrid Do I need a 4-wheel drive?
  • 8. "Don't let money run your life, let money help you run your life better." - John Rampton
  • 9. The Leasing Process 1 • Make your best deal. • With good credit, your down payment, monthly payments, and total cost are all negotiable. 2 • Make payments for the duration of the lease. 3 • Once the term of the lease is up, return the car. • You may have an option to choose a new vehicle and begin a new lease.
  • 10. Meet These Requirements or Pay Penalties • Drive a maximum of 10,000 or 15,000 miles each year. • Penalty: 10-20 cents for each mile over limit • At lease end, return the car in perfect condition. • The dealer determines the extent of any damage. • Finish your lease. Keep the car the whole term. • Penalties for early turn-in can be waived if you upgrade with a new lease or purchase.
  • 11. Tips for Making Your Best Deal • Negotiate the price of the car first, before saying that you want to lease the car. • Choose lease terms that best fit your budget. • A large down payment = smaller monthly payments • Choose a lease with a short duration. • If you lease for longer than 3 years, the warranty will be up and you’re likely to need repairs, paid for out of your pocket.
  • 12. "If you think nobody cares if you're alive, try missing a couple of car payments.” - Earl Wilson
  • 13. Important Considerations for Buying A Car  Purchasing is the better option if you want to customize your car or put more miles on it.  Purchasing is more affordable than leasing if you want to keep your car for at least several years.  Downside of financing: You’ll spend more than the car is worth when you pay interest and fees.  Upside: You can get financing even with bad credit.
  • 14. Find Your Best Deal For Your Situation Shop for loans before shopping for the car. Choose the shortest loan term you can. Make a down payment. Avoid including loan fees in the loan balance. Keep shopping loans. You can refinance fairly new vehicles at any time.
  • 15. “It’s good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." -George Horace Lorimer
  • 16. Get the Most for Your Trade-In Determine the value of your car. Check the Kelley Blue Book, online auctions, and ads. Clean your car thoroughly. Make minor repairs.
  • 17. Get the Most for Your Trade-In Provide complete record of maintenance and repairs. Expect to negotiate. Keep buying or leasing transactions separate from the trade-in.
  • 18. "If you would be wealthy, think of saving as well as getting.” - Ben Franklin
  • 19. Get a Good Used Car at a Fair Price 1 • Decide what features you want. 2 • Research desired cars. Get reviews. Compare prices. 3 • Shop different venues: classifieds, auctions, used car dealerships.
  • 20. Get a Good Used Car at a Fair Price 4 • Get maintenance and repair records. 5 • Obtain a history report through Carfax or Autocheck. 6 • Talk to the seller. Ask questions. Avoid negotiating until you see the vehicle.
  • 21. Get a Good Used Car at a Fair Price 7 • Test-drive the vehicle before making an offer. 8 • Take the vehicle to a certified mechanic. 9 • Expect to negotiate to get a lower price.
  • 22. Get a Good Used Car at a Fair Price 10 • Stay safe. Meet in a public place to see the car. 11 • Ensure the title is clean. 12 • Trust your gut. Take the time you need to shop until you feel confident about the car.
  • 23. Conclusion  Purchasing a car is a very important decision. Be wise and take time to do some research.  Compare your options, including leasing or applying for a loan.  Look into insurance quotes and maintenance costs since these expenses will affect your budget.  Find the best car for you, at the right price, and enjoy! Presented by www.309finance.com