9.3 Purchasing a Used Vehicle 21705

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!