Planning10–Unit2-Finance

CarBuyingComparisonComparedifferentcarsandallofthecostsassociatedwiththem.Onemustbealeasepurchase,and

theothermustbeafinancedpurchase(eitheraloan,dealerfinancing,orstraightcash).Whereand

howyoufindthemisentirelyuptoyou.

PartA:Forthe“You”afterhighschool CompareTWOcars,andincludealloftheinformationabove.

Youmustalsoincludeashortparagraphdetailingwhatyouimagineyourlifeafterhighschooltobe

like(willyoubeworkingfull-time,part-time,willyoubeattendingpost-secondary,wheredoyou

seeyourselfliving,etc.)

PartB:Forthe“You”inPlanning10

CompareTWOdifferentcars,andincludealloftheinformationinfirstparagraph.

Youmustincludeashortparagraphdetailingwhatyouimagineyourlifestyletobeasthecareer

thatyouweregiven/chose.

Foreachpart,youmustincludethefollowing:

1. Thefilledouttablesbelow

2. Acalculationofhowmuchyoucanaffordwithinyourbudgettopayforavehicle

3. Acopy/printoutofthecostoftheleasepurchase.Thismustincludehowmuchyouwould

paypermonth,thenumberofmonthstheleaseisvalid,whattheendpurchasepricewould

be,andthekilometerlimitations(ifany)exist.

4. Acopyorprintoutofthecarloanagreement.Thismustincludehowmuchyouwouldpay

permonth,thelengthofthecarloan,theinterestratefortheloan,andhowmanypayments

youwouldberequiredtomake.

5. Yourfinalcarpurchasedecision(betweentheoptionsthatyouhavefound)

a. Includeapictureofyourcar

b. Yourplanonhowyouwillpayforthiscar

c. Whyyouchosethiscarovertheotheroptions

d. Eachpartwillhaveafinalcarpurchase–oneforthe“You”afterhighschool,

andanotheroneforthe“You”inPlanning10

Planning10–Unit2-FinancePartA:Forthe“You”afterhighschool

Option1 Option2

Dealership/Owner

Size

Year

Model

Automatic/Manual

Gasmileage

Invoiceprice

Specialfeatures

Warranty

Safetyrating

Lengthofservicecontractoffered

Care/maintenancerequirements

Gasolinecosts

Planning10–Unit2-FinancePartA:Forthe“You”inPlanning10

Option1 Option2

Dealership/Owner

Size

Year

Model

Automatic/Manual

Gasmileage

Invoiceprice

Specialfeatures

Warranty

Safetyrating

Lengthofservicecontractoffered

Care/maintenancerequirements

Gasolinecosts