7+Financing+a+Car

LET'S BUY A CAR!
Do you feel confident that you can walk into a dealership and buy a car on your own? Do you understand all of the laws that surround you when obtaining a car? Review the following presentation and then complete the webquest below. The following task will help you to be more aware of what it takes to purchase a car, whether used, new or leased.


 * Remember, your only expense is not the car, you need to pay other costs as well.**


 * DECIDE ON A CAR BUDGET**

Your car budget may include: Overall your car budget will likely be anywhere from $1000 to more than $5000 per year. Costs vary based car model, age and condition of the car and other factors. Before you buy a new or used car, make sure you can afford such costs.
 * Car payment** - If you buy a new or used car, you will likely have a monthly car payment (unless you are fortunate enough to pay the total cost of the vehicle). The amount of car payment varies depending on a number of factors, including the down payment (the initial amount you put towards the purchase price). Car payments can vary from about $100 to more than $300 per month.
 * Property (Vehicle) Tax** - At the time you buy a car and each following year, you must pay a vehicle tax. When you pay the tax you receive a sticker to put on your license plate as verification. It is illegal to drive a car without paying this tax. Taxes can be as little as $20 to more than $100 a year depending on the vehicle. The more expensive the car, the more you pay in taxes.
 * Vehicle Inspection** - Some states require owners to have their cars inspected to make sure the vehicle is safe to operate on the road. The cost of a vehicle inspection varies - generally $20 to $30. You may have to pay additional money to get repairs done if your car fails inspection.
 * Gas** - Based on how much you drive your car and how fuel efficient it is, you will likely spend about $10 to $20 a week for gas.
 * Insurance** - Car insurance is required by law in the United States. In case of an accident, you are financially responsible for any injury, death or damage incurred. The cost of insurance (liability, comprehensive, and collision) can vary based on the vehicle, your driving record etc. Generally, the newer the car is, the more it costs to insure.
 * Maintenance and Repairs** - To help keep your car running smoothly, do regular maintenance. You will probably want to get your oil changed ever three months (or every 3,000 - 5,000 miles) at an average cost of $25. You may also spend money on general items such as anti-freeze, wiper blades etc. Also, keep in suc unforeseen costs such as a dead battery, flat tire or failed transmission.
 * Parking** - If you regularly drive to a place where you have to pay for parking, consider the cost. While many employers provide free parking, some employers may not so you may have to pay to park elsewhere.

//Info obtained from GCFLearnFree.org// [] []
 * LET'S BUY A CAR!**
 * BUYING A CAR WEBQUEST**