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Finding Transportation Pathways to Success (lesson #12)

In this lesson, Dr. Sissy Osteen, PhD, CFP, and Cindy Clampet will guide you on how to buy a car and explore the different transportation options available. Discover what kind of car you need and want, how much you can afford, and important factors to consider before making a purchase.

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Finding Transportation Pathways to Success (lesson #12)

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  1. Finding TransportationPathways to Success(lesson #12) By Sissy Osteen, PhD., CFP PowerPoint by Cindy Clampet

  2. Today you will learn: • How to buy a car • Finding transportation is not simple • What kind of transportation do you need? • What can you afford? • What options are available?

  3. People need a car for transportation to: • Work • School • Shopping and fun trips • Things to think about— • What kind of car do you need? • What kind of car do you want • How much can you pay?

  4. What kind of car do you need? • Are you driving on city streets or country roads? • Are you driving long distances or short distances • How many people need to be able to ride in your car? • Do you have lots of “things” that need to be able to ride in your car for your job? • Look on and read page 4 of your booklet and fill it out. Discuss with the class

  5. What kind of car would you like? • Do you want a certain make or color? Look at and research cars in consumer magazines, from friends and relatives, repair shops, ads, and car dealers. • Look at and fill out the booklet page 6. Discuss with the class.

  6. What car can you afford? • You should have a budget. Is there room in your budget for a car payment, repairs and upkeep, insurance, gasoline and oil. • Look at the sample budget on page 7 of the booklet. How much can this person spend on a car? In your opinion, can this person afford a car? • Use the form on page 8 to find out how much you can spend on a car.

  7. Used car? • You can get a better deal if you buy a used car. You should have a mechanic look at the car to see if there are any major problems. • But you also need to ask lots of questions about the car. • Why is the owner selling the car? • Is there a service record available? • Was the car driven in town or out of town? • Who owned the car? • Use the checklist on page 10 and 11 to evaluate a used car.

  8. Buying a car is a major expense • If you can answer “yes” to most of the questions about the car you are considering, forget about that car! Find a car that you can answer “no” to most of the questions. • Take the car to a mechanic to check it out. Also, look at the Kelly “Blue Book” (KBB.com) or the NADA book to find out some fair prices for a car like the one you are considering. • Do not pay the first price you are quoted. Ask for a lower price, and you may get it.

  9. You might or might not be able to get a car. • You may or may not be able to afford a new car • If you can’t afford a new car, you may be able to afford a use car. • If you can’t afford a car right now, you might do the following: • Ride a bus • Get a bicycle or small motor scooter • Pay someone to give you a ride to work • Car pool (you will be using the car less times, less gas, etc)

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