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Sample Action Plan for the Following Goal:
I want to buy a car. My dad will give me $50/mo.


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1.


Get a job. There may be a down payment and monthly payments. There will be insurance, repairs, gas, parking, oil changes and many other things that will require most of us to have a job or more than $50/mo assistance from dad.
2.

Reality test what you can afford. In most cases you should buy less than you can afford and apply the difference to your retirement plan.
3.
Research what you want. Safety and good gas mileage might be good ideas.
4.
Explore the alternatives. Auctions, used cars, reliable friends should be considered.
5.

Negotiate a deal. On a new car start at 23% below sticker and come up reluctantly.
6.

Arrange for financing. Make a good down payment. Establish good credit. Negotiate and look around.
7.
Plan repairs, insurance, etc. Nuff said.
8.
Enjoy the car. Absolutely. That is the point isn't it.
You may want to modify this sample action plan
to meet your specific needs. We can help.
© The Chimorel Group 2005