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Car Buying Project

Car Buying Project. EQ: How do I use the decision making process to buy a car?. Car Buying Project. The project is worth 50 points. You may work with a partner. One person needs to be the researcher The other person needs to put the information into a Word or PowerPoint document.

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Car Buying Project

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  1. Car Buying Project EQ: How do I use the decision making process to buy a car?

  2. Car Buying Project • The project is worth 50 points. • You may work with a partner. • One person needs to be the researcher • The other person needs to put the information into a Word or PowerPoint document

  3. Car Buying Assignment – Step 1 • Use the flyers to select a used car. • Cut out the ad. • Write down the brand, model and price. List any features, i.e. tinted windows, A/C etc. • The maximum amount you can pay for a car is $15,000. • This step is worth 10 points

  4. Car Buying Assignment – Step 2 • Create a word or PowerPoint document for the information you will collect. • Enter the used car information from you ad.

  5. Car Buying Assignment – Step 3 • Use either KBB.com or Edmumds.com to find the wholesale and retail price of the car you selected. • Add this information to your chart. • Answer the question: • Was the advertised price of the car fair? Why or why not? • This step is worth 10 points

  6. Car Buying Assignment – Step 4 • Use the internet to find a new car. • Use a car dealer website, kbb.com or edmunds.com • Maximum price you can pay is $15,000. • Add the make (brand), model, price and features to your document. • Answer the following question: • Based on your research which is a better deal: a new car or a used car? Justify your answer. • This step is worth 10 points

  7. Car Buying Assignment – Step 5 • Compare financing options • Use the following website www.bretwhissel.net/amortization/amortize.html • Compare the various loan options outlined on the next slide. • Enter the information into your document. • Answer the following question • Of the following which has the greatest impact on your monthly payment: down payment, interest rate or loan term? This step is worth 10 points

  8. Loan Options to Compare Use these loan variable with the loan calculator. You can cut & past this table into your own presentation.

  9. Car Buying Assignment – Step 6 • Conclusion: Answer the following. Use complete sentences. • What factors need to be considered when buying a car? • What are the advantages and disadvantages of buying a used car? • List 3 things you learned from this assignment. • This step is worth 10 points. Total points for the project is 50.

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