Buying a Vehicle

Do Now….O 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?

O Answer on separate sheet of paper in paragraph form.

TO BE COLLECTED

Average price of an Automobile

O The average price of an automobile in the 1980’s was $10, 000.

O What do you think it is now?O 2013 Honda Civic $18,000O 2013 Ford Explorer $30,000

To Buy or NotO Should teenagers buy a vehicle? Why or Why not?

O WANT:O Makes you independent O Saves you time in getting from one place to anotherO Makes you feel more mature and responsibleO Going places is fun

O NEED: O How close to home are the places that you go to?

School, Work, FriendsO How do you get there now?O How much access is there to public transportation?O Is there a family vehicle? How much access do you

have to it?

What should you consider?

O CostO Can you afford it?

O Purchase Price, fuel, oil, maintenance, repairs, insurance, licensing, registration, tolls, and parking

O How does owning a car affect your schedule?O You will need to earn money to pay for the car and

expenses. Will working hours take away from studying, socialization, extra-curricular activities.

O Are you mature enough to handle the responsibilities?

O Wants vs Needs, do you understand all the costs (time and money), can you handle the stress?

Safety FeaturesO NavigationO Back up CameraO AirbagsO Head restsO Seat Belts

MaintenanceO Bulbs – Head lights, Tail lights,

Blinkers, Brake lightsO Oil Change – every 3 months or

3,000 milesO BrakesO Tires – Air pressure, RotateO Wipers

Buy vs LeaseO Buy – Pay entire cost of the vehicle

O Finance OptionsO Lease – pay a portion of the vehicle’s

costO Depreciation Value*Monthly Cost is much less but you will have nothing to show for it (like renting)*

Other CostsO RegistrationO Insurance

O Age (under 25 - more expensive)O Driving record O Miles per year you driveO Where you liveO How you drive to work (car pool)O Gender (men drive more often) O Marital statusO Value of vehicle (more expensive the car,

the more insurance cost)O Type of car (sport car vs. sedan)O Driver education course

Buying A Vehicle PROJECT #2

Due January 20th For ALL CLASSES

EMAILS ARE NOT ACCEPTED.