buying or leasing a car without loosing your shirt

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Buying or Leasing a Car Without loosing your shirt

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Post on 25-Dec-2015

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  • Slide 1
  • 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?