buying a car n.
Skip this Video
Loading SlideShow in 5 Seconds..
Buying a Car PowerPoint Presentation
Download Presentation
Buying a Car

Loading in 2 Seconds...

play fullscreen
1 / 10

Buying a Car - PowerPoint PPT Presentation

  • Uploaded on

Buying a Car. Grade 11 Workplace Math. Agenda. Taxes on cars Buying a used car (Private & Dealer Buying a new car Financing . Taxes. In Ontario, buyers pay tax when they purchase a car.

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'Buying a Car' - conan

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
buying a car

Buying a Car

Grade 11 Workplace


  • Taxes on cars
  • Buying a used car (Private & Dealer
  • Buying a new car
  • Financing
  • In Ontario, buyers pay tax when they purchase a car.
  • We used to only pay PST on a used car and PST and GST on a new car, but now we pay HST whether a car is used or new.
  • When people purchase a car by borrowing money we call it purchasing by financing.
  • If Howard borrows $33,000 to buy his BMW. What would the total cost of his car be if he planned to pay off his car in 4 years, at 4% interest?

How much would he pay in interest?

dealer vs private
Dealer Vs. Private
  • We can purchase a new or used car through a dealer, which a company that has a license to sell cars.
  • Alternatively we can buy cars through individuals, which is known as a private sale.
  • The decrease in value of something over time is called depreciation.
  • What are three things that decrease & increase the value of a car?
  • If something increases in value over time, it________________________.
examining depreciation
Examining Depreciation
  • Complete the table on page 187.
  • What is the value of the car after 5 years if it depreciates 20% per year?
buying new
Buying New
  • Why would someone purchase a new car over a used car, considering there is such a large price difference?
brand new suv
Brand New SUV
  • SUV is $58,000. How much would it cost for this vehicle with taxes?
  • How much will this car be worth after 5 years.
  • Complete the table on page 188 to find out.
  • If a car retains 75% each year. How much is the car depreciating.
  • What factors would determine how fast a car depreciates? Is depreciation ever a good thing?