1) ($37,419 x 89%) + ($2,946 x 85%) + $715 =
$36,522.01
2) ($15,294 x 93%) + ($860x 90%) + $595=
$15,565.42
3) A minivans base price is $19,575. The options
total $3,130. It has a destination charge of $665.
If the dealer pays an estimated 94% of the base
price and 88% of the options, what is the dealers
estimated cost?
$ 21,819.90
9.3 Purchasing a Used Vehicle
• What are some
advantages of
purchasing a used car?
• What are some
disadvantages of
purchasing a used
vehicle?
9.2 Dealers Cost
Vocabulary
9.3 Purchasing a Used Vehicle
Where do you find the average
retail price of a used car?
The Used Vehicle Guides are published monthly by
the National Automotive Dealer Association
(NADA) or through Vehicle Market Research. You
can also use Kelly Blue Book (KBB) to find the
suggested wholesale and retail prices.
9.3 Purchasing a Used Vehicle
Example 1
Open Up your books to Page 321, and find Table 9.2 at the top of
the page.
Jackie would like to purchase a four-year-old Palamino V8 fourdoor car, which is advertised for $15,450. It has no air
conditioning. It had power door seats, premium sound, leather
seats, and a power sunroof. It has been driven 51,760 miles. The
used vehicle guide indicates that $575 should be subtracted if the
mileage is from 45,001 to 52,500 miles. What average retail price
should Jackie keep in mind when she makes an offer on the
vehicle?
Average Retail Value +Options – deductions – Mileage deduction
$ 14,675
+ $1,115 - $800
- $575
$ 14,415.00
9.3 Purchasing a Used Vehicle
Complete the following on your own.
Using the table on page 321, find the average retail price
for a four-year old V6 four-door vehicle that has air
conditioning, power seats, leather seats, manual sunroof,
and aluminum wheels. It has been driven for 36,500
miles. The used-vehicle guide indicates that $525
should be added if the mileage is from 30,001 to 37,500
miles. What is the average retail price for this vehicle?
Average Retail Value +Options – deductions +/- Mileage deduction
$ 13,050
+ $815 - $0
$ 14,390.00
9.3 Purchasing a Used Vehicle
+ $525
Page 322
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9.3 Purchasing a Used Vehicle