Choosing a Vehicle

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Choosing a Vehicle

  1. 1. Owning and Operating a Vehicle Unit 3
  2. 2. Unit 3 Owning and Operating a Vehicle General Learning Outcome: • Analyze the cost of operating a vehicle. Specific Outcomes • 3-1 Describe the methods of acquiring a vehicle. • 3-2 Solve problems involving the purchase and operation of a vehicle.
  3. 3. Choosing A Vehicle Buying a vehicle is a major purchase. The initial cost, the registration and insurance, the fuel, the maintenance costs, are just a few things to consider when deciding how much you can afford to spend. Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  4. 4. What is important in a vehicle? In small groups, comprise a list of what your groups deems important in a vehicle. For example; safety features, options, resale value, fuel economy, etc. Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  5. 5. How much can you afford to spend? When buying a vehicle, financial planners generally advice that your total debt repayments should be no more than 40% of your net income. Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  6. 6. Example Problem If your monthly net income is $1200, what is the maximum debt repayment you can afford? Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  7. 7. Example Problem What is the minimum monthly net income that is needed if you wish to take a loan with monthly repayments of $600? Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  8. 8. Example Problem A new SUV is purchased from Woodworth Dodge in Kenton for $45 000. What are the taxes on this purchase? What is the total amount paid? Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  9. 9. Textbook Assignment Page 139 – 140 Questions 1 - 9 Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  10. 10. Fuel Economy A major cost of operating a vehicle is the fuel cost. Every vehicle is different when it comes to number of litres of fuel needed to travel 100 km. In an imperial system fuel economy is expressed as miles per gallon. Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.
  11. 11. Fuel Economy – Research Activity Using the internet, research 5 different vehicles, recording their fuel economy in litres per 100 km. Calculate the # of litres required to travel 24 000 km in one year. Calculate the cost of fuel, using today's price of 99.9 cents per litre. Unit 3 – Owning & Operating A Vehicle D-2 Solve problems involving the purchase and operation of a vehicle.

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