新概念汽车实用英语U3.ppt

Reading Material：Car Insurance How much you pay for auto insurance depends on several factors, including your age and marital status, where you live, and what you drive. You cant do anything about your age, and few people will move just to lower their insurance premium. You can, however, choose a vehicle that costs less to insure. * Car Insurance 1. Types of Coverage What is your car insurance actually insuring? Although youre buying a single insurance policy covering a specific vehicle, a number of components make up the final cost: Bodily injury liability: Covers injury and death claims against you, and legal costs, if your car injures or kills someone. * Car Financing While these are the usual things that affect the rate you get through a bank or other financial institution, financing through the dealership may or may not actually work this way. When you finance through the dealership, you have to remember that the Finance and Insurance (FI) department is often a bigger profit center than the sales department. * Car Financing The business manager (the person you deal with in the FI department) sends your credit information to the lender(s) they deal with. The business manager then takes the lowest approved interest rate and marks it up (increases it). The marked-up amount is the dealerships profit on the financing. There is no law saying the dealer has to reveal that mark-up to you. This financing is really just another product the dealership sells, known as a Retail Installment Sales Contract (RISC). * Car Financing 3. Special Incentives Youre watching your favorite late-night TV show, and see a car ad that offers zero-percent interest or a $2,000 rebate on a car youve been thinking about buying for months. Wow! What a deal! You have to get to the dealership now! So the next day, you do just that. * Car Financing 4. Factory-to-Consumer Rebates First, lets find out what those offers mean. With the factory-to-consumer rebate, there really is no catch. These are