Buying or Leasing a Car Without loosing your shirt
Slide 2
GOALS Get prepared Want vs. Need New/Used Researching Buy/Lease
Negotiating Up! Its the delivery that counts
Slide 3
Want Vs. Need Full Disclosure: Huge Waste of Money How much can
you afford? What is your commute? Safety vs. Fun How Much Car Do
You Really Need??
Slide 4
New vs. Used New Smells great Comes with warranty Low/No
mileage Get exactly what you want Instant depreciation Expensive
Used Less expensive Already depreciated Might still have a warranty
Inheriting someone elses problem Private Seller vs. Used Car
Dealer
Slide 5
Buy vs. Lease Buy Keep the car No limit mileage No need to fix
dings and scratches Expensive Might limit what you can afford Lease
More car for your money New car more frequently Must insure and fix
Penalty for high mileage Still have to pay for maintenance
Slide 6
Researching Compare all the models in your price range Consumer
Reports or Edmunds Consumer Reports Edmunds Test drive Have a used
car checked by a mechanic Useful info on the Web www.nmvtis.gov/
www.nmvtis.gov/ www.carfax.com www.carfax.com
Slide 7
Negotiating Up! Whats the real price of a car? Financing
options research before you go to close the deal Trade ins Research
your best options trade in, private buyer Never talk trade in until
you have settled on a purchase price Be prepared to walk
Slide 8
Its the Delivery that Counts Bring a fine tooth comb Lemon Laws
Last resort help DAs and RMs
Slide 9
So, How To Buy A Car Research your options Know your budget
purchase and ownership Test drive Negotiate Up Trade in - maybe Day
of delivery One Last Thing Sciolas Never-Fail Strategy Guaranteed
To Bring Them To Their Knees
Slide 10
Buying or Leasing a Car Without loosing your shirt
Slide 11
Slide 12
Where to find rentals How do you stack up Costs and Contracts
The Fine Print CYA
Slide 13
Friends Family Friends of Family, Family of Friends Alumni!
Work Associates and Employers/HR Internet Craigs List, Web
Listings, Real Estate Companies, Management Companies Newspaper
still a good source Direct from owners/developers Real Estate
Professionals Property Managers Rental Agents
Slide 14
Meet the Salary Requirements one weeks pay = one months rent
Credit Report timely payments and debt:income Eviction and Arrest
Reports Prior Landlord References (Yup, dont piss off Resi Life
just yet )
Slide 15
First, Last and One Months Security Key Deposit Realtors Fee
Application/Credit Fee Pet Deposits * Misc * *legal??
Slide 16
Rental Application Fixed Term Lease Tenancy-at-will Sublet
Agreement Guarantor Form Addendums to Lease Additional Provisions
Deposit Receipt Apartment Condition Statement Lead Paint Law
Notification Etc.
Slide 17
Review The Lease!!! fine print, ask if you dont know Who Should
Sign jointly and severally Photograph Damages/Conditions send
copies immediately
Slide 18
Roommate Conflict Keeping the peace Contractual obligations
Subletting Landlord Conflict Correspond in writing Receipts for
repairs and deductions after notice Withholding rent Advice from
attorney Breaking the lease Notifying the landlord Securing sublets
or new tenants
Slide 19
Know Your Rights Know The Laws Dont Try to Be A Lawyer On Your
Own Courtesy Goes A Long Way dont forget your manners
Questions?