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Buying a Vehicle

Buying a Vehicle. Do Now…. You can have any car that you want. What would that car be? What color would it be? What would the interior look like? What features would the car have? Why would you chose this car? Answer on separate sheet of paper in paragraph form. TO BE COLLECTED.

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Buying a Vehicle

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  1. Buying a Vehicle

  2. Do Now…. • You can have any car that you want. What would that car be? What color would it be? What would the interior look like? What features would the car have? Why would you chose this car? • Answer on separate sheet of paper in paragraph form. TO BE COLLECTED

  3. Average price of an Automobile • The average price of an automobile in the 1980’s was $10, 000. • What do you think it is now? • 2013 Honda Civic $18,000 • 2013 Ford Explorer $30,000

  4. To Buy or Not • Should teenagers buy a vehicle? Why or Why not? • WANT: • Makes you independent • Saves you time in getting from one place to another • Makes you feel more mature and responsible • Going places is fun • NEED: • How close to home are the places that you go to? School, Work, Friends • How do you get there now? • How much access is there to public transportation? • Is there a family vehicle? How much access do you have to it?

  5. What should you consider? • Cost • Can you afford it? • Purchase Price, fuel, oil, maintenance, repairs, insurance, licensing, registration, tolls, and parking • How does owning a car affect your schedule? • You will need to earn money to pay for the car and expenses. Will working hours take away from studying, socialization, extra-curricular activities. • Are you mature enough to handle the responsibilities? • Wants vs Needs, do you understand all the costs (time and money), can you handle the stress?

  6. Safety Features • Navigation • Back up Camera • Airbags • Head rests • Seat Belts

  7. Maintenance • Bulbs – Head lights, Tail lights, Blinkers, Brake lights • Oil Change – every 3 months or 3,000 miles • Brakes • Tires – Air pressure, Rotate • Wipers

  8. Buy vs Lease • Buy – Pay entire cost of the vehicle • Finance Options • Lease – pay a portion of the vehicle’s cost • Depreciation Value *Monthly Cost is much less but you will have nothing to show for it (like renting)*

  9. Other Costs • Registration • Insurance • Age (under 25 - more expensive) • Driving record • Miles per year you drive • Where you live • How you drive to work (car pool) • Gender (men drive more often) • Marital status • Value of vehicle (more expensive the car, the more insurance cost) • Type of car (sport car vs. sedan) • Driver education course

  10. Buying A Vehicle PROJECT #2 Due January 21st For ALL CLASSES EMAILS ARE NOT ACCEPTED.

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