FIN-1100 Chapter Notes - Chapter 5: Fax, Costco, Credit Union
2 Jun 2017
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Before making any major purchase whether it"s a car, house, or large appliance. Consider some basic guidelines to wise purchasing decisions. Research your purchase thoroughly, considering not only the market but also your personal needs. Buy the item after negotiating the best price and arranging financing on favorable terms. Be sure you understand all the terms of the sale before signing any contracts. Maintain your purchase and make necessary repairs promptly. Exhibit 5. 1 key steps in buying a new car. These steps summarize the car-buying process discussed in this chapter. Research which car best meets your needs and determine how much you can afford to spend on it. Choose the best way to pay for your new car cash, financing, or lease. Ask your insurance agent for annual premium quotes for insuring various cars, as auto insurance is another significant expense of owning a car.
