Transportation Going Mobile ISBE Objectives After studying this unit students will be able to: Identify alternative means of transportation; Determine the relative advantages of each;
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subsidies to others.
one or more import
you make the deal
city driving, plus an estimate for
annual fuel cost based on a specified number of miles
speeds to see how it rides, handles
and sounds with the sound system off.
and each option.
advertising fees of 1-3% of the sticker price to be added to the total.
guide to find its wholesale value and try not to accept that it is less
than 5% below that wholesale value.
retail value as well as
of your trade-in and try not to accept the value that is less than 5% below the wholesale value
$10,864.44 amt. paid
-$10,522.69 amt. financed
$311.75 interest paid
$12,048.72 amt. paid
-$10,522.69 amt. financed
$1,526.03 interest paid
311.75 @ 1.9%
$1,214.28 = difference
income isn’t sufficient, they may still grant you a loan if you obtain a
co-signer who guarantees repayment if
market rate of interest which is influenced by the government organization called the
Federal Reserve or the Fed.
last resort for those who can’t borrow anywhere else. They make loans for
used vehicles and their interest rates will be 2-3 times
higher than other financial institutions.
sign a contract which will show
what obligations you and the lender have including the Truth-In-Lending Disclosure Statement which we discussed in the chapter on credit.
hundred dollars/year or as high as
property when you’re at
fault in an accident.
liability insurance before you can
register your car to protect others against your
pool and be assigned an insurance company with a premium that will be very
policyholder’s car as the result of a
collision with another car or object or if
the car turns over. Payment is made no
matter who is at fault. Coverage includes
a deductible which requires the policy holder to assume a portion of the cost of the damage. Common deductibles are
replace the vehicle rather than paying the actual cash value for a substantially higher premium.
cost of in-home assistance regardless of who’s at fault.
reasonable medical expenses of policyholder and
family if injured by a hit and run driver, uninsured driver by underinsured driver while in their car, bicycling or
being fixed after an accident.
caused by an uninsured/underinsured motorist.
both policies are carried with the
may cost you $175 or more.
repaired not only locally, but everywhere you anticipate
good work at a reasonable price,
through word of mouth. The shop should be clean, well kept and have
(AAA) National Institute of Automotive Service Excellence
before starting repairs.
your tires are rotated.
triangle reflectors or flares
a plastic bottle in case you overheat
an empty container for gas
with interest rates the next time it meets?
new home sales and
durable goods orders
supported forecasts that central bankers will keep
raising interest rates to ensure
inflation doesn't accelerate.
36% of Americans thought we were in recession. Now, one year later, even though unemployment has fallen from 5-1/2 to 5% and real GDP has expanded by 3.7% the number who think a recession is
underway has climbed to 43%.
housing market and the computer industry, but if bond yields fall and the yield curve narrows toward inversion, that's bad, too, because an inverted yield curve could signal a recession. If housing data weaken as they did on Monday when existing home sales fell, well, that's a sign of a
bursting housing bubble.
the fed may raise rates further. If foreigners buy our bonds, we're not
saving enough ourselves. If foreigners don't buy our bonds
interest rates could rise. If wages
go up, inflation is coming. If wages
go down, the economy is in trouble.