Lecture Notes: Buying that Dream Car

• Research cars and options
• Look at insurance, maintenance, and gas prices
• Decide how much you want to spend
• Consider what to do with your old vehicle (if you have one)

• Take it for a test drive
• Visit more than one dealer
• Compare financing options
• Establish cost before negotiating on trade-in
• Try selling your old car yourself
• Consider an extended service contract
• If purchasing a used car– have car inspected by a trusted mechanic

• When computing interest, time is in years
• When determining monthly payments, divide by months