1 / 6

Understanding the True Costs of Buying and Leasing a Car

When purchasing a car, the cost goes beyond the sticker price. In addition to the down payment, fees, taxes, title, and registration, the total amount can increase significantly with financing. For instance, a new car priced at $22,000 can cost over $25,000 with interest. Maintenance costs like oil changes, tires, and inspections also add up. Leasing offers flexibility, but comes with its own set of challenges, such as mileage limits and potential lease breaks. Don't forget about insurance, which can affect your overall budget.

lorene
Télécharger la présentation

Understanding the True Costs of Buying and Leasing a Car

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. Purchasing an Automobile

  2. How much does a car really cost? • Down payment • Fees • Title and Registration • Tax • Total cost without interest

  3. Compare the Cost • New car without interest $22,000 • With interest $535.00 x 48 months = $25,680 total • Used car without interest $10,000 • With interest $336.00 x 36 months = $12,096 total

  4. But That’s Not ALL! Maintenance Costs • Oil changes • Tires • Inspection • Gas • Cleaning • Fluids Repair Costs • Brakes • Hoses • Fuses • Engine repairs • A/C • Battery

  5. Why Not Just Lease a Car? • Gap insurance • Allowed mileage • Break the lease and you are responsible • The car is not yours! • Perpetual payments • Decide to buy it – you pay much more for it!

  6. Wait! What about Insurance?

More Related