InfoGuides: *Personal Financial Literacy Resource Guide*: Chapter 6: Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Chapter 6 Introduction

While making consumer purchases may not be considered in most financial plans, these choices affect financial resources available for other purposes. This chapter starts with a discussion of various purchasing strategies. Next, a systematic approach to buying a motor vehicle or other major purchase decisions is presented. The chapter concludes with a discussion of consumer protection actions and legal alternatives available to individuals.

LO 6.1: Identify strategies for effective consumer buying

MotorTrend IntelliChoice Awards
Learn more about the cost of your vehicle for the first five years.
AutoZone
You need to know how much your vehicle is going to cost you on maintenance. Click on the link above, add a vehicle and choose which part you need. This will give you a good estimate for some of the simple DIY repairs and maintenance items.

LO 6.2: Implement a process for making consumer purchases

Edmunds Price Checker
Want to know more about the value of that car you're looking at? Look here!
This is a useful tool for both buying and selling automobiles.
Edmunds True Cost to Own Calculator
Kelly Blue Book
Want to know more about the value of that car you're looking at? Look here!
This is a useful tool for both buying and selling automobiles.
Consumer Reports (Magazine)
This link gives you the capability to read and search Consumer Reports Magazine.
Property Tax (Vehicle) Estimator
Brought to you by the NC Department of Motor Vehicles
IMPORTANT REMINDER: Each year you will also have to pay for your vehicle inspection, tags and registration fees.

LO 6.3: Describe steps to take to resolve consumer problems

Better Business Bureau Online complaint System

LO 6.4: Evaluate legal alternatives available to consumers

What Are the Different Types of Dispute Resolution Processes?
Brought to you by the American Bar Association
Arbitration & Mediation
Brought to you by FINRA.org
Arbitration
Brought to you by the American Bar Association
Mediation
Brought to you by the American Bar Association

Notable News

Property Taxes by State

Additional Help