Purchasing a car Project

We are going to pretend to purchase a car of your choice. This counts as a test grade and you will not pass if you do not do it. It must be turned in by March 19th at 11:59 pm

​Buying a car Project

Open Ended

List the top 5 costs of owning a car and then rank them from most expensive to least. Which of these are one-time cost and which are ones that need to be budgeted for?

Open Ended

What are your top priorities (most important features) in order from most to least in a car and why? 

(Must have 5)

Open Ended

Are regular maintenance cost the same on all vehicles?  Why or why not?

Open Ended

What are some benefits to buying a new vehicle? (Must have 3)

Open Ended

What are some cons (disadvantages) of buying a new car (Must have 3)

Open Ended

What are some benefits to buying a used vehicle? (Must have 3)

Open Ended

What are some cons (disadvantages) of buying a used car (Must have 3)

​This project is going to give you the opportunity to shop online for a new or used car that you would be interested in purchasing. You have up to 6 years to pay it off and you can spend at most $30,000 for the price of the car. It can go over with tax, interest, etc. There are numerous websites that you can use to choose your vehicle including, www.carfax.com, www.autotrader.com and www.cars.com. The vehicle must be a 2018 or newer because most banks will not finance a vehicle older than this. If the field is highlighted yellow, you must fill in the box that goes with it. Some of the questions in the “Car Buying Comparison Sheet” you might not be able to answer such as invoice price on the dealer’s website. You should be able to find it by doing a “Google” search or ask “Siri”. Try to answer them, but there might be some that you just can’t find and that is alright if it is only a few. Special features could be something like air-conditioned seats or blind spot monitoring.

Open Ended

What make of the car did you decide to purchase?

Make is Ford, Chevrolet, Nissan etc.

Open Ended

What model of the car did you decide to purchase?

Model is Explorer, Camaro, Camry etc.

Open Ended

What modelyear vehicle did you purchase?

Open Ended

How much did you spend on your vehicle?

Open Ended

How many miles were on your vehicle?

Open Ended

Why did you choose a new or used vehicle?

(at least 3 reasons)

Open Ended

What specific features does your vehicle have and why are they important to you?

Open Ended

What were the reasons for choosing the vehicle you did?

Buying a car has a ton of forms!

Go to Canvas and complete the form call Car Buying Comparison and upload that back to Canvass.

Open Ended

How much was the difference from the total amount of Payments and the monthly payments from 11% to 3%

Open Ended

What would make a difference in why you would get a 3% interest rate compared to 11% interest rate? 

This counts as a test grade and must be submitted by March 19th at 11:59 pm. You will not pass the grading period if you do not complete this.

​

​Buying a Car Project