PF:3.10.2 Lesson: Leasing Versus Buying Cars and other Items

Leasing a car could be a good option for you...(choose all applicable answers)

- if you want to drive a car that is under the warranty of the manufacturer - if you need a lower payment-lesing is a lower monthly payment than buying - if your yearly mileage is less than 10,000 miles - if you prefer to trade cars often - if you want to drive a better car for less money

If you are buying a used car, what are some actions you might want to take before purchasing a vehicle.

- research any records related to recalls or accidents related to the specific vehicle -have a mechanic inspect the vehicle for any possible mechanical problems - ask about any warranties or dealer sponsored guaranty - look for pricing for similar models on the internet or other dealerships

Some options add to the value of a car like air conditioning and an automatic transmission. Choose from below items that add costs, but are not really worth the extra dollars.

- upholstery finishes - extended warranties by third party sellers - auto club memberships - rustproofing (most cars have a 5 to 10 year warranty against rust)

Choose all procedures and steps related to buying an automobile.

-check out the reputation and reliability of the dealer and car manufacturer -choose insurance coverage thatis correct for your car - choose a vehicle that best suits your needs and budget - research options for financing and don't always depend on the dealer for the best offer - take a test drive - make sure you read and understand any documents before you sign