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9.3 Purchasing a Used Vehicle 2/17/05

9.3 Purchasing a Used Vehicle 2/17/05 Good Morning! Please grab a calculator. Please write the following title down in your notes along with the date. Discussion Questions Name 4 things that bring the value of a used car down. a. Dents in the side b. c. d. Discussion Questions

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9.3 Purchasing a Used Vehicle 2/17/05

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1. 9.3 Purchasing a Used Vehicle 2/17/05 • Good Morning! • Please grab a calculator. • Please write the following title down in your notes along with the date.

2. Discussion Questions • Name 4 things that bring the value of a used car down. • a. Dents in the side • b. • c. • d.

3. Discussion Questions • Do you think you can tell just by looking if a car has been in an accident or not? • Why or why not?

4. Vocabulary 1. Used-Vehicle Guides- books that are published monthly that give the average prices for used cars that were purchased from dealers. 2. Deduction- something that is subtracted.

5. Formula Average Retail Value + Additional Options • Options Deductions • Mileage Deduction Average Retail Price

6. Example. Sherri would like to purchase a V8 four-door car. It has no air conditioning. It has power seats, premium sound system, leather seats, and a power sunroof. It has been driven 51,760 miles. The used-vehicle guide indicates that \$575 should be subtracted if the mileage is from 45,001 to 52,500 miles. What is the average retail price? \$14,675 - \$800 + \$125 + \$200 + \$340 + \$450 -\$575 = \$14415

7. 9.3 Assignment • pg 322 #2-14 even, and #9 • Make sure you complete Used Car Guide assignment before you leave today!

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