WARM UP 1.3+4+5+6 2.23+31+45 3. 15+23+34+19+7 4. 6+4+5+25+15+35 5. 123+345+567+987

WARM UP

1. 3+4+5+6

2. 23+31+45

3. 15+23+34+19+7

4. 6+4+5+25+15+35

5. 123+345+567+987

Consumer Finance

Chapter 5: Buying and Maintaining a Car

Lesson 1: Buying a New Car

VOCAB

Base Price is the first amount listed on a car’s price

Options are extra items added to a car

Transportation and Handling is a delivery fee charged to the buyer of a car

Directions

Add all the numbers to get the cars total sticker price

I do

Find the Total Sticker Price

1. Hatchback 3-door $18,869

Floor Mats$108

Console$178

Automatic Transmission $800

Wheel locks$59

Fog Lights$289

Rear Defroster$115

AC$1,099

CD Player$349

Splashguards$89

Tinted Glass$82

Transportation/ Handling $445

We do

1. Convertible $34,768

Floor Mats $225

Console $355

Spoiler $499

Anti-Theft $289

Fog Lights $289

Rear Defroster $115

AC $1,099

CD Player $349

Transportation/ Handling $2,150

Leather Seats $854

You Do1. Truck

$29,300

Floor Mats$200

Console$125

Automatic Transmission $750

Wheel locks$59

Fog Lights$289

Rear Defroster $115

AC$1,099

CD Player$349

Splashguards $89

Tinted Glass $125

Transportation/ Handling $575

Summary

Today we learned how to find the total sticker price of a new car

Homework

Worksheet

WARM UP

8889-2357

35675-12489

75250-54789

56423-43851

64953-56754

Consumer FinanceChapter 5: Buying and Maintaining a Car

Lesson 2: Buying a Used Car

5 - 2 VOCAB

Depreciate is to decrease in value

Rebate is a return of part of a payment to a buyer

DIRECTIONS

Subtract

I/We/You DO

Find Amount Saved

Price Before Sale Price

1. $8889 $8489

2. $9389 $8650

3. $9989 $9589

4. $8664 $6894

5. $9689 $9179

6. $12097 $9459

I/We/You DO

Find the amount of money owed

List Price Trade-in Value

1. $16895 $900

2. $15595 $1200

3. $14908 $2456

4. $27344 $3795

5. $15238 $8770

6. $16767 $869

REVIEW

Today we learned how to find the price of a car after trading in another car and how much money we saved

HOMEWORK

WORKSHEET

WARM UP

25000-7000

125 x 40

2579+3574

251.34 x 52


Lesson 3: Financing a Car

5-3 VOCAB

Deferred Price is the total amount paid, including interest in monthly payments

DIRECTIONS (Deferred Price)

Multiply monthly payments times months

Add answer and down payments

I/We/You DO

Find Deferred Price

Cash Price Down Monthly Months

PaymentPayments

1. $3197 $99 $70 48

2. $5379 $299 $115 48

3. $7984 $499 $170 48

4. $9849 $999 $202 48

5. $6983 $299 $155 48

6. $7391 $299 $160 48

DIRECTIONS (Total Interest)

Subtract Cash Price – Down Payments

Multiply monthly payments times months

Subtract 2 answers

I/We/You DO

Find Total Interest

Cash Price Down Monthly Months

PaymentPayments

1. $3989 $89 $106.78 40

2. $6989 $1307 $152.87 40

3. $7789 $289 $205.35 40

4. $4798 $198 $111.16 46

5. $4798 $1461.82 $79.94 46

6. $5398 NONE $128.20 46

REVIEW

Today we learned how to find the deferred price, monthly payments, and total interest on a car when financing a car

HOMEWORK

WORKSHEET

Warm Up

What are some things that affect how much you pay for car insurance?


Lesson 4: Automobile Insurance

VOCAB

Liable – is when a person is bound by law to make good for damages done

Liability Insurance – is a policy that pays for damages done in an accident

Premium – is the amount paid for insurance

Directions

Look at the chart Find your two numbers

Add them

If given a factor Multiply

Answer x Factor

ChartPersonal

Injury

Property

Damages

Area 10/20

20/40

40/80 75/150

5 10 25 50

High Risk

$210 $470

$610 $835 $72 $84 $99

$148

Average $167 $339

$470 $620 $56 $69 $77

$98

Low Risk

$140 $229

$340 $489 $48 $52 $61

$73

I DO (Questions)

1. What is the premium for a 75/150/50 policy in a low risk area?

2. Find the premium for a 20/40/5 policy in a high risk area.

3. Roland lives in an average risk area and wants 10/20/10 coverage. Young men have a greater chance to be in accidents, so he is charged a factor of 1.77. Find his premium.

WE DO(Questions)

1. What is the premium for a 40/80/10 policy in an average risk area?

2. Find the premium for a 10/20/25 policy in a high risk area.

3. Lindsay lives in a high risk area and wants 40/80/50 coverage. She will be using her car for business, so she is charged a factor of 1.29. Find his premium.

YOU DO (Questions)

1. What is the premium for a 10/20/50 policy in a low risk area?

2. Find the premium for a 75/150/10 policy in an average risk area.

3. Woody lives in a low risk area and wants 20/40/25 coverage. He has a poor driving record, so he is charged a factor of 1.48. Find his premium.

Review

What did you learn?

Homework

Worksheet

WARM UP

34567/3

45568/2

91354/5

74564/3


Lesson 5: Reading an Odometer

5-5 VOCAB

Odometer is a measuring device that counts the miles a car travels

DIRECTIONS

Read the number left to right

100000 hundred thousand

10000 ten thousand

1000 thousands

100 one hundred

10 tens

1 ones

1 (this number is a different color) tenths

I/We/You DO

Write the odometer in words

3046

71235

1128905

0500701

099999

012356


Lesson 6: Average Miles Driven per Year

5-6 VOCAB

NONE

I/We/You DO

Find Average Miles Driven per Year

Odometer Years

1. 0303657 3

2. 0160606 2

3. 0497567 5

4. 0367558 4

5. 0124895 2

6. 1536259 12

REVIEW

Today we learned how to read an odometer and find the average miles driven per year

HOMEWORK

WORKSHEET

Get your NOTEBOOK together Tomorrow I am collecting all notes from 4.8-5.6

Warm Up

579-345400/206431-59873712/8599321-91897


Lesson 7: Number of Miles Traveled

DIRECTIONS

Just subtract end-beginning

I DO

Find the miles traveledBeginning End1. 12345.6 12489.02. 00370.9 01000.83. 36875.8 36879.2

WE DO


YOU DO



Lesson 8: Computing Gas Mileage

VOCAB

GAS MILEAGE is the average number of miles a car will travel on a gallon of gas

DIRECTIONS

Divide Distance / gas used = mpg

I DO

Find the gas mileage (mpg) for each tripDistance Gas used1. 400 miles 20 gallons2. 1200 miles 70 gallons3. 356 miles 15 gallons

WE DO

Find the gas mileage (mpg) for each tripDistance Gas used1. 489 miles 12 gallons2. 25 miles 1.2 gallons3. 565 miles 23 gallons

YOU DO

Find the gas mileage (mpg) for each tripDistance Gas used1. 256 miles 12 gallons2. 1024 miles 46 gallons3. 245 miles 10 gallons

REVIEW

Today we learned how to determine the number of miles traveled in a trip and calculate the gas mileage of a trip.

HOMEWORK

WORKSHEET

Warm Up

25 x 17370/2227 x 12495/1836 x 15


Lesson 9: Computing the Range of a Car

DIRECTIONS

Just multiply EPA x tank capacity

VOCAB

EPA Rating is the estimate of how far a car can travel on one gallon of gas

Range is how far a car can travel on a given number of gallons of gas

I DO

Find the ranges (city and highway) of a car EPA Rating Tank City Highway

Capacity1. 40mpg 50mpg 10gal2. 6mpg 8mpg 20gal3. 20mpg 30mpg 19gal

WE DO



YOU DO




Lesson 10: Computing the Fuel Needed

DIRECTIONS

Divide Distance / mileage rating = amount of fuel

I DO

Find the amount of fuel needed for each tripDistance Mileage Rating1. 150 miles 20 mpg2. 370 miles 27mpg3. 896 miles 35mpg

WE DO

Find the amount of fuel needed for each tripDistance Mileage Rating1. 1040 miles 40 mpg2. 4488 miles 44mpg3. 204 miles 60mpg

YOU DO

Find the amount of fuel needed for each tripDistance Mileage Rating1. 725 miles 32mpg2. 2319 miles 26mpg3. 1753 miles 32mpg

REVIEW

Today we learned how to compute the range of a car and how much fuel is needed for a trip

HOMEWORK

WORKSHEET

Warm Up

42/605.3 x 603.4 x 6035/6071/60


Lesson 11: Computing the Average Speed

DIRECTIONS

Divide Minutes/60

Add that answer to the number of hours

Divide Distance/time

VOCAB

Miles per Hour (mph) is a unit of measurement of speed

I DOFind the average rate of speed

Distance Time1. 180 miles 4 hours 30

mins2. 340 miles 6 hours 12

mins3. 1100 miles 21 hours 24

mins

WE DO

Find the average rate of speedDistance Time1. 65 miles 3 hours 15

mins2. 385 miles 7 hours

48 mins3. 203 miles 8 hours

18 mins

YOU DO

Find the average rate of speedDistance Time1. 46 miles 1 hour 15

mins2. 205 miles 3

hours 42 mins3. 233 miles 3

hours 54 mins


Lesson 12: Computing the Travel Time

DIRECTIONS

Divide Distance / average speed = time

Write the whole number in front of the hours

Subtract time – whole number

Multiply times 60

Write this number in front of minutes

__ hours __ mins

I DO

Find the travel time for each tripDistance Average Speed1. 180 miles 45 mph2. 91 miles 35mph3. 56 miles 42mph

WE DO


YOU DO


REVIEW

Today we learned how to compute the average speed and travel time for a trip in a car

HOMEWORK

WORKSHEET

Warm Up

18 x 3.5514 x 3.3512.356 x 3.2915.46 x 3.3116.23 x 3.34


Lesson 13: Buying Gasoline

DIRECTIONS

Just multiply the gallons and the price per gallon

Reminder Gas Prices look like $3.379

In the calculator you put 3.379

I DO

Find the cost of gasolineTank Capacity Gas Price1.20gal $3.379

2.18gal $3.349

3.16gal $3.299

WE DO

Find the cost of gasolineTank Capacity Gas

Price1.22gal $3.419

2.16gal $3.399

3.14gal $3.249

YOU DO

Find the cost of gasolineTank Capacity Gas

Price1.20gal $3.329

2.14gal $3.199

3.16gal $3.549

DIRECTIONS (SAVINGS)

Subtract Full – Self

Multiply Subtraction Answer x Tank Capacity

I DOFind the savings of gasoline between

full service and self service Tank Capacity Gas Price

Full Service Self Service

1. 20gal $3.379

$3.299

2. 18gal $3.349

$3.309

3. 16gal $3.299

$3.199

WE DO

Find the savings of gasoline between full service and self service Tank Capacity Gas Price


1. 20gal $3.549 $3.479

2. 18gal $3.199 $3.109

3. 16gal $3.389 $3.299

YOU DO

Find the savings of gasoline between full service and self service Tank Capacity Gas Price


1. 20gal $3.319 $3.299

2. 18gal $3.169 $3.109

3. 16gal $3.459 $3.399

REVIEW

Today we learned how to determine the cost of gas and the amount saved by using self service over full service

HOMEWORK

WORKSHEET

Warm Up

32.95 x 1.07425.95 + 312.5650/6030/60 + 214.95 + 75.95 + 32.56


Lesson 14: Cost of Repairs

VOCAB

Parts and Labor is when the customer is charged for parts needed to fix the car and the labor (time) it takes to fix

Rebuilt is describing items that have been reconstructed or extensively repaired

DIRECTIONS

Add All Parts

Multiply by 1.06 (sales tax) = Answer 1

Convert time to hours Mins/60 + hours

Multiply that and labor rate = Answer 2

Add Answer 1 + Answer 2

I DOFind the cost of repairs when the

mechanic has a labor rate of $60 per hourParts Price Labor Time1.Battery $69.95 18 mins2.Muffler $35.00 Tailpipe $18.00 1 hour Clamps $2.003. 4 shock $17.94 30mins

absorbers

WE DO

Find the cost of repairs when the mechanic has a labor rate of $55 per hour

Parts Price Labor Time

1. Alternator® $85.00 30 mins Fan Belt $10.002. 4 Tires $260.00 45 mins3. Filter $6.50 15 mins 6 cans oil $11.70

YOU DOFind the cost of repairs when the

mechanic has a labor rate of $75 per hourParts Price Labor Time

1. Radiator $150.00 1 hr 30 mins

Antifreeze $6.992. Disk Brakes $20.00 2 hours Rotor $10.003. PS pump $95.00 2 hour Fluid $10.50

REVIEW

Today we learned how to determine the cost of repairs

HOMEWORKFind the cost of repairs

when the mechanic has a labor rate of $75 per hourParts Price Labor Time

1. Carburetor $75.003 hr 18 mins

6 Plugs $8.702. Lights $20.00 2 hr

45 mins Muffler $79.953. Spark Plug $5.95

4 hr 15 mins Transmission$756.23

Documents

WARM UP 1.3+4+5+6 2.23+31+45 3. 15+23+34+19+7 4. 6+4+5+25+15+35 5. 123+345+567+987