Lesson 2: Buying a Used Car

Consumer Math p. 114-115

Buying a Used Car

New cars depreciate, or lose value, after they are bought. Many people buy used cars because of their lower prices. Sometimes used-car dealers offer special sale prices to encourage people to buy these cars.

Exercise A

Car Years Old Price Before Sale

Sale Price Amount Saved

King 3 $8,889 $8,489 $400

Exercise B

List Trade Trade-in Value

$16,895 $900

$15,995

Exercise C

Price of Car

With Trade-In

With Rebate

$6,395 $5,645(Subtract $750)

$5,895(Subtract $500)