How Do I Buy Used And New Trucks

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How Do I Buy Used And New Trucks

• By Jane Doe

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Essential Question How Is math used in Buying A
vehicle?

• Challenge to find how much my dream car would be.

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My Dream Truck

• 3 Chevrolet Silverado 1500 cab long box doors 4
• Engine size 5.3 liter
• Cylinders 8
• Transmission Automatic
• Exterior Victory Red
• Interior Color Dark Charcoal Cloth Interior

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Buying A Used Silverado

• The used car is 91 miles from Somersworth, NH
• It has 9,679 miles on it
• The transmission is an automatic
• 4 doors
• 8 cylinders
• Exterior Black

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Features of the Used Silverado

• The used truck has
• AM/FM radio
• Tilt Steering
• Cruise Control
• Power steering
• Power door locks
• Air conditioning
• Digital clock
• CD player
• It has Air Bags On Driver and Passenger side!

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New Car Loans

• There are many factors one should consider on
  buying a car loan. First there are many sources
  offering new car financing. Choose the best
  source for your needs. Terms and rates are
  sometimes based on the model and the year of the
  car/truck.
• Make sure you choose the shortest term of
  payments that is affordable to your budget.
  Payments should never exceed 20 of your gross
  monthly income.

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Term Rates

• Term
• 36 Months 60 months 72 months
• New 4.50 4.99 5.75
• Used 5.19 5.40 6.20
• Refinance 5.49 5.95 6.55

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Used Car Loans

• It depends on the year of a used car
• Your car payment along with all your other debt
  including rent, mortgage, insurance, and credit
  card payment should not exceed 45 of your gross
  monthly income.

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Car Insurance

• Since Car insurance can be expensive you should
  consider reducing costs as much as possible by
  carrying the highest deductibles that you can
  afford. Our car insurance links give you flexible
  programs that enable you to insure your
  investment in a cost efficient manner.
• You need to make sure that you purchase is
  properly insured. Your car represents a major
  investment, repairs are expensive and the right
  car insurance should be a priority. We recommend
  comprehensive and collision coverage to give the
  customer peace of mind and protect that
  investment

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Paying your New Vehicle

• If the trucks term was 36 months every month you
  would have to pay 162.00
• If the trucks term was 60 months every month you
  would pay 299.00
• If the trucks term was 72 months you would pay
  414.00

• How you would figure this out is that you would
  take 36 months times 4.50 162.00 per month
• To figure out your payment you would take 60
  times 4.99 299.00
• If the term was 72 you take 72 times 5.75
  414.00

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Resources

• www.autobytel.com
• www.vehix.com
• www.autotrade.com

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The End