AUTO PURCHASE

Selecting, financing, and insuring a new car

You have just graduated from high school! CONGRATS!

Your Uncle Bob has told you that he will give you $21,000 (maximum) to purchase new car. However, there’s a

catch…

He wants you to select two models:

• Offer reasons why you selected your first choice over your second choice

• Handle the financing on your own• Select the most cost-effective insurance

company• Provide him a rational for your choices in

writing (He’s a retired Language Arts teacher.)

Selecting a new car

• http://edmunds.com/

• http://www.consumerreports.com

• http://www.carprices.com

• Base your decisions on reliability, mileage, safety, performance, and depreciation

Financing

• Even though Uncle Bob is buying this auto for you, he wants you to experience the financing process. (Remember- he’s a retired teacher.)

• http://www.bankrate.com/

• http://autos.yahoo.com/finance/loan-calc/

Insurance

• http://www.progressive.com/

• http://www.Teen.AutoInsure.org

• http://www.geico.com/

Presentation to Uncle BobIn at least three paragraphs, explain

why you selected the car you did and which financing and insurance

company you chose and why you selected them. (Remember- he’s a

retired Language Arts teacher. Impress him with your reasoning,

spelling, and grammar.)

QUESTIONS???