Car Buying Review

Expenses that vary based on the number of miles you drive.

• Flexible Expenses
• Financing
• Leasing
• Incentives
• Fixed Expenses

Price a car dealership will sell your vehicle for.

• Retail Value
• Financing
• Leasing
• Incentives
• Fixed Expenses

Decrease in value of property as it becomes older and starts to wear out.

• Depreciation
• Financing
• Leasing
• Incentives
• Fixed Expenses

Contract that allows you to own a vehicle for a specified time period and for a specified amount and is affected by mileage and condition of the vehicle.

• Leasing
• Financing
• Incentives
• Fixed Expenses
• Flexible Expenses

Money given to help purchase a vehicle usually from a bank or the dealership.

• Financing
• Leasing
• Incentives
• Fixed Expenses
• Flexible Expenses

The price a dealership gives you when taking your car as a trade on another vehicle they are selling.

• Trade-in Value
• Financing
• Leasing
• Incentives
• Fixed Expenses

Something that motivates or encourages a person to buy (cash back, low financing).

• Incentives
• Financing
• Leasing
• Fixed Expenses
• Flexible Expenses

Expense that remains the same regardless of how many miles you drive.

• Fixed Expenses
• Financing
• Leasing
• Incentives
• Flexible Expenses

When you sell a vehicle to another individual without the use of a dealership.

• Private Party
• Financing
• Leasing
• Incentives
• Fixed Expenses

Examples of flexible expenses.

• Registration Fee
• Tires
• Gas
• Loan payment