1 / 8

How long does the average American use a new car before buying a new one?

How long does the average American use a new car before buying a new one?. 5 years. Shopping for a Car. Unit 9. New or Used?. Benefits of buying new More reliable than a used car (usually) Lasts longer than a used car (usually) There’s no history You know what you’re getting

jacqui
Télécharger la présentation

How long does the average American use a new car before buying a new one?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. How long does the average American use a new car before buying a new one? 5 years

  2. Shopping for a Car Unit 9

  3. New or Used? • Benefits of buying new • More reliable than a used car (usually) • Lasts longer than a used car (usually) • There’s no history • You know what you’re getting • Customization options • Get it exactly how you want it • Could be safer than a used car • Newer safety technology

  4. New or Used? • Benefits of buying used • CHEAPER! • Less depreciation than a new car • A new car loses 11% of its value the moment you drive it off the lot • During the first 5 years, the car depreciates between 15% and 25% each year • After 5 years, the car has lost 63% of its value • Could be just as reliable, safe, and last just as long as a new car

  5. Used Car: Private or Dealership? • Benefits of buying from a private owner • Cheaper • Owner probably isn’t trying to make a profit • Benefits of buying from a dealership • Might offer warranty • Certified used cars are thoroughly checked

  6. Lemon Laws • Protect you if you buy a REALLY bad car • If your breaks down and cannot be fixed after 4 repair attempts, it is considered a “lemon” • You are entitled to a full refund or replacement at the manufacturer’s expense • Usually only apply to new cars, not used • Some states do have used-car lemon laws (not IN)

  7. Research • Ways to research cars • Online • Edmunds.com, kbb.com (Kelly Blue Book), cars.com, etc • Car review magazines • Word of mouth • Ask around • Test drive • How does it sound? How does it feel? • Have a mechanic look at it (especially used cars)

  8. Quick Review • What might be some reasons why you would NOT want to buy a new car? • Depreciation, more expensive • Why might it be a better idea to buy a used car from a private owner? • Get it cheaper • If you buy a new car with a lot of defects, what protections are in place to make sure you aren’t getting stuck with a piece of junk? • Lemon Laws • True or False: Car manufacturers have made it difficult to research for cars when you are shopping

More Related