MEL

Marla has owned her car for two years. In that time, she has driven a total of 68 000km. She maintains her vehicle according to the maintenance schedule. She gets an oil change every 5000KM, which cost her $ 41.95 plus taxes. How much does she spend on oil changes each year? (to the nearest cent)

• 550.25

• 600.25

• 616.25

• 890.25

As a new driver (G1, G2), how many demerit points can you lose before losing your license?

• 5

• 7

• 9

• 15

Sally purchases a used car from a dealership. The car is priced at $3,250 including certification. If the transfer fee is $12. Determine the total cost of the car. (including 13% tax)

• 3,250

• 3,262

• 3,680

• 3,686

Elizabeth is buying a used from her friend. The asking price is$3,500 The transfer fee is $40. Elizabeth agrees to pay for the brake repair of $325.32 as well as the certification fee of $256.78 What is the total cost of the car?

• 4,657.97

• 4,345.67

• 5,751.99

• 4,356.95

Dave's mom agrees to pay $2 000 towards a car for him to use at college. Dave finds the car he is looking for in the newspaper. It is a used station wagon priced at $5200 The seller agrees to pay for any repairs to have the car certified and Dave agrees to pay the certification fee of $156.90. He also pays a transfer fee of $10.00. Dave has $1000. If he borrows the rest from the bank at 5.2% compounded monthly for 4 years what is the monthly payment?

• 68.97

• 70.86

• 72.53

• 75.68

A Ford Fusion can be leased for $264.00 per month for 36 months. The amount due at signing is $3040.45 (this includes your first month’s payment).

• 12,280.45

• 12,400.45

• 12,900.55

• 14,000.65

You are allowed 20,000 km per year. If you drove 75,000 km in 3 years and the charge for excess km is $0.15 per km how much do you owe at lease end?

• 2000

• 2225

• 2250

• 3225

The buyout price is $7145.90+HST at 5.5% for 24 months. Calculate the monthly payments based on this information to determine the total for payments to buyout.

• 376.77

• 356.07

• 399.08

• 420

An AUV has an MSRP of $46, 783. It depreciates at a rate of 25% per year. Estimate the resale value after 5 years.

• 10,000

• 11,101.83

• 14,902.35

• 9,043.02

Jordan’s car has a fuel consumption rating of 5.8 L/100km. Jordan estimates he drives 20 000 km per year and he average cost of fuel during the year is $1.01/L. Estimate Jordan’s fuel cost for the year

• 1,171.60

• 1,271.90

• 1,444.09

• 1,324.50