What’s Next?What’s Next?

Assignment #2Assignment #2

Renting an ApartmentRenting an Apartment

Purchasing a CarPurchasing a Car

RentingRenting

If you are interested in renting a place to live, where could you learn about possible rental opportunities.

Newspaper Internet Friends Family

RentingRenting

You can either rent an apartment or a house. List three things you need to consider when deciding which to rent.

Location Cost Space Number of rooms Appliances included Amenities (i.e. pool, rec room, etc.)

RentingRenting

List three advantages of renting a home or an apartment vs. buying a home.

Rent includes the utilities It may be furnished Renter not responsible for overall

maintenance Not responsible for property taxes Financial responsibility is limited to rent

and the security deposit

RentingRenting

List three disadvantages of renting a home or an apartment vs. buying a home.

You do not own it You are not building equity Limited privacy Unable to make changes without

permission Possible eviction

RentingRenting

Before you start looking for an apartment or a house, you should make a list of things you would like to have or to be included in the apartment.

Heat Water Appliances Garage

RentingRenting

Besides the rent, what are some other expenses you will need to pay when you first move into an apartment.

Security deposit Electricity Cable Telephone

RentingRenting

Name then things you will need to purchase when you live on your own. Find the cost of each and be sure to name your source.

Various types of furniture Items for the kitchen Things for the bathroom Outdoor patio furniture

Be specific and list the cost and source for each item.

Purchasing a CarPurchasing a Car

If you are going to purchase a new car, what questions should you ask?

What kind of warranty does the car have?

How many miles per gallon does the car get?

What safety features are included?

Purchasing a CarPurchasing a Car

If you are going to purchase a used car, what questions should you ask?

How many miles are on it? What year is it? Why are you selling your car? Was the car ever in an accident?

Purchasing a CarPurchasing a Car

Name three places you could go to secure an auto loan.

Bank Credit union Car dealership

Purchasing InsurancePurchasing Insurance

Name a place and phone number where you can get auto insurance

Auto insurance companies can be found on the Internet or in a phone book.

Research if you state requires you to carry auto insurance. If it does, what type of insurance is required?

Changes were made to ensure that vehicles driven on California roads have liability insurance that provides financial responsibility for any damage or injury caused by a traffic accident, regardless of fault, and to remove

uninsured vehicles from the highways. $15,000 for injury/death to one person $30,000 for injury/death to more than one person

$5,000 for damage to property.

Purchasing InsurancePurchasing Insurance

What is bodily-injury liability insurance? Define it.

Bodily injury insurance helps pay for an injured person’s medical expenses and lost wages if you’re at fault in a car accident.

Purchasing InsurancePurchasing Insurance

What is collision insurance? Define it. Collision insurance helps you pay for

damage to your own car if your car hits another vehicle or object.

Purchasing InsurancePurchasing Insurance

What are some factors that influence what you will pay for auto insurance?

Age Marital status Previous accidents If you live in a city or the country How far you drive to work or school

Purchasing InsurancePurchasing Insurance