AHRM 2304 Study Guide - Midterm Guide: Multicar, Vehicle Insurance, Professional Liability Insurance

• School: Virginia Tech
• Department: Apparel, Housing, and Resource Management
• Course: AHRM 2304
• Professor: Solis

Document Summary

Do your research: most of our purchase decisions involve wants, identify needs from wants, needs, something that is thought to be a necessity, wants, unnecessary but desires. Fitting your budget: affordability, identify what you can afford, operating or purchasing costs, fixed costs, installment payment, insurance, variable cost, fuel, cleaning, repairs. Give you a high price for your trade in value, but they may get you on the purchase price for the new car. Make the decision at home: finalizing a car deal, be wary of low balling, have the dealer sig(cid:374) the (cid:271)uyer"s order first, walk way if there is an attempt to change the deal at the very last minute. Upside down when it comes to vehicles: owe more money on the vehicle than it is worth. Meeting housing needs: single family homes, condominium, mobile homes, manufactured homes. Cost of home ownership: down payment, points and closing costs, mortgage payments. Vii: property taxes and insurance, maintenance and operating expenses.