Purchasing a Car

When buying a car there are certain key principles that all new car buyers should follow. Below are some tips for new car buyers on how to save yourself some money and get the best possible deal on your first car.

1. Determine the type of car you are looking for and then research it using Edmunds or Consumer Reports.

2. Once you have determined what car(s) you are interested in, make sure you know their invoice price when you go shopping at the dealership (Car Buying Tips.com).

• The invoice price is much closer to what the dealer actually paid for the car then the MSRP price, better known as the sticker price.

3. Get quotes for different dealerships and don't be shy about using those quotes against other dealers to see if they will match or beat the best offer (Car Buying Tips.com).

4. If you need to finance all or part of the cost of your car make sure you check the going interest rate for auto loans with your own bank and with an online service like Capital One.

5. Make sure you inspect the car before you drive it off the lot, especially if you had work done to the car, such as adding a CD player.

Welcome to Applied Economics

Applied Economics is a semester course and can roughly be broken down into two sections: the budget and actual economics. During the first marking period we will cover all of the major topics dealt with in the budget project: housing, cars, insurance, credit cards, savings, and investment. Once the budget is completed we will move on to more traditional economic concepts, which will take around 9 weeks to complete. Just a reminder that this course is a graduation requirement and if you have any questions or concerns see me immediately.