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Applied Math: Ch. 9: Buying a USED carNAME: ____________________________Go to Search for the article “10 steps to buying a used car.”Read through the article and fill in the notes below:STEP 1: _____________________________________________Your car payment should not be more than _______% of your monthly take home pay.Click on the “automotive budget” link. What is the zip code used for?What is a “Target Monthly Payment”?What is a Loan Term?Look at the section called “cash down payment.” How much should you aim to put down as your down payment?Hit the “Back” button and go back to the article.STEP 2: ______________________________________________To save money, consider buying a ...Well known vehicles, like ______________________ and ____________________________ can cost _____________________ than the comparable _______________________ and _________________.What does CPO stand for?STEP 3: __________________________________________To see if the cars you are looking for fit into your budget, check ___________________________What is TMV (True Market Value)? What information do you need to know in order to make a good buying decision?What does TCO (True Cost to Own) mean? STEP 4: ___________________________________________What are some good websites to use in order to find used cars in your area? List 5.STEP 5: ____________________________________________You should get a __________________________________ for the used car you are interested in. Why is this an essential step?How can you access Vehicle History Reports? Using what pieces of information?What are the two best known companies that provide these vehicle history reports?What are two things that these reports could reveal?STEP 6: _________________________________________________STEP 7: _________________________________________________On the test drive, simulate … After the test drive, ask the owner to see …Avoid buying a car that has … STEP 8: _____________________________________________________If it is a CPO car, …STEP 9: __________________________________________________What are the basics of negotiations?STEP 10: ________________________________________________If you are at a dealership, you conclude the deal in the ...If you are buying the car from a private party, you just have to make sure …In both cases, you need to make sure you have _______________________ for the car you just bought before you ____________________________________.Click on the “fees charged by each state” link. Define the following terms:Vehicle Registration Fee:Documentation Fee:Rebates:Trade- In:Dealer Fees:Advertising Fees:Scroll down to the fee list and find the fees for the following states:?Maximum Sales TaxAverage DMV feesTrade in Sales TaxAre rebates taxed?Doc fee limitsAverage Doc FeePA??????NJ??????DE?????? ................
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