On the 3 picture is her current financial situation
r Short-Term Financial Planning Activities PEP Sheets 35 37 che oa majcomer e youmy need in the near futureC PEP Sheet 3a eniy brnds store locations, and ide the lowest operating and PEP Shoet 38 CONTINUING CASE Consumer Purchasing Strategies and Legal Protection It sputtered and squeaked and, with a sinal hesitation followed by an abbreviated lange, it was finally over Of Reliuble, the car Jamie Lee had driven since she first earned her driver's license at the age of 17, completed its last mile. Thincen years and 140.000 miles later, it was time for a new vehicle. After skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was ready to visit car dealers to see interested in. Jamie Lee knew she had a good credit brand-new car, the more excited she became. That new car fit her personality perfectly! what vehicles would interest her. She was unsure if she would purchase a car brand-new or used, and finance with a down payment or lease. "No money down and only $219 a month," Jamie Lee read, "with approved credit." Sounded lEke an offer she would be t rating, as she made sure she paid all of her bills on time each month and kept a close eye on her credit score ever since she was the victim of identity theft several years ago. The more she thought about the As Jamic Lee inquired about the advertised vehicle with the new-car salesperson, her excitement automobile advertised was available for $219 a month with no money down, based on approved credit, but Jamie Lee unespect edly found that there were further qualifications in order to get the advertised price. The salesman explained that the information in the fine print of the newspaper advertisement stated that the price was based on all of the following criteria being active in the military, a college graduate within the last three months, a current lessee of the automobile cormpuny, and having a top tier credit score, which he noted was above 800. If Jamie Lee did not meet all of the qualifications, she would not receive the price advertised in the promotion. But, he noted, he could get her in that vehicle-for an additional S110 per month. Two bundrod and dollars was the maximum Jamie budgcted for a monthly payment. This vehicle was outside of her financial plan. seventy-five process before beowsing Jamie Lee had to start over from scratch. She decided that she must fully research the vehicle purchase at another dealership. She felt she was getting caught up in the moment and vowed to do her rescarch before speaking with another Questions 1. Jamie Lee is considering a used vehicle, but cannot decide where to begin her search. Using Personal Financial Planmer Sheet 34, Transportation Noeds and the Internet for your research, evaluate two possible choices that may be available to Jamie Lee, considering her budget, for a used car purchase 2. Identify the advantages and disadvantages of using each source for used car purchases listed in the table below 282 r Short-Term Financial Planning Activities PEP Sheets 35 37 che oa majcomer e youmy need in the near futureC PEP Sheet 3a eniy brnds store locations, and ide the lowest operating and PEP Shoet 38 CONTINUING CASE Consumer Purchasing Strategies and Legal Protection It sputtered and squeaked and, with a sinal hesitation followed by an abbreviated lange, it was finally over Of Reliuble, the car Jamie Lee had driven since she first earned her driver's license at the age of 17, completed its last mile. Thincen years and 140.000 miles later, it was time for a new vehicle. After skimming the Sunday newspaper and browsing the online advertisements, Jamie Lee was ready to visit car dealers to see interested in. Jamie Lee knew she had a good credit brand-new car, the more excited she became. That new car fit her personality perfectly! what vehicles would interest her. She was unsure if she would purchase a car brand-new or used, and finance with a down payment or lease. "No money down and only $219 a month," Jamie Lee read, "with approved credit." Sounded lEke an offer she would be t rating, as she made sure she paid all of her bills on time each month and kept a close eye on her credit score ever since she was the victim of identity theft several years ago. The more she thought about the As Jamic Lee inquired about the advertised vehicle with the new-car salesperson, her excitement automobile advertised was available for $219 a month with no money down, based on approved credit, but Jamie Lee unespect edly found that there were further qualifications in order to get the advertised price. The salesman explained that the information in the fine print of the newspaper advertisement stated that the price was based on all of the following criteria being active in the military, a college graduate within the last three months, a current lessee of the automobile cormpuny, and having a top tier credit score, which he noted was above 800. If Jamie Lee did not meet all of the qualifications, she would not receive the price advertised in the promotion. But, he noted, he could get her in that vehicle-for an additional S110 per month. Two bundrod and dollars was the maximum Jamie budgcted for a monthly payment. This vehicle was outside of her financial plan. seventy-five process before beowsing Jamie Lee had to start over from scratch. She decided that she must fully research the vehicle purchase at another dealership. She felt she was getting caught up in the moment and vowed to do her rescarch before speaking with another Questions 1. Jamie Lee is considering a used vehicle, but cannot decide where to begin her search. Using Personal Financial Planmer Sheet 34, Transportation Noeds and the Internet for your research, evaluate two possible choices that may be available to Jamie Lee, considering her budget, for a used car purchase 2. Identify the advantages and disadvantages of using each source for used car purchases listed in the table below 282
