Can you afford a car? Automobile Simulation

Can you afford a car? Part I: #1 Part I: #2 Pick any type of car between the cost of $8,000- $20,000 Think about what you will need it for and the cost to insure Part I: #2 Make- Company Name Model- Type of Car and trim Year Asking price Mileage Color Location

Part I: #3 What is Kelley Blue Book? KBB: Kelley Blue Book Value WHAT PEOPLE ARE REALLY PAYING FOR THIS VEHICLE MSRP: Manufacturers Suggested Retailed Price Price set by the Manufacturer New Cars: MSRP Invoice Price – what auto manufactures charge dealers New Car Kelley Blue Book Value Used Cars: Suggested Retail in Excellent or Good Condition

New Car KBB Value: MSRP INVOICE What people are really paying!!!

Used Car: Suggested Retail Value dealer's asking price and the starting point for negotiation.

Part 1: #4 How do you compute the loan? TOTAL PRICE- DOWN PAYMENT= LOAN AMOUNT This is the amount you will borrow It is your principal You will use the asking price

Part I: #5 sales tax, title & registration www.dor.mo.gov Click Motor Vehicle License to the left Choose calculate sales tax Select: St. Louis County Select: City Click the drop down and choose the city you live in

Part I: #6 Find your Monthly Payments We will use an interest calculator FIND YOUR LOAN AMOUNT FROM #4 Click on CALCULATORS Select Monthly Auto Loan Payment

Insurance Use the information below as you go eSurance.com to get quotes/ estimates/ costs/ prices/ premiums for insurance coverage: 63017, go 1 car, 1 driver, heard about via “other”, no current insurance, next year, make, model, commuting to work/school, mileage 5,000- $10,000 financed, next Joe or Jane, 1/1/1989 or 1984, male or female, single, 16, jsmith@yahoo.com, SKIP OPTIONAL BOXES, no violations, next check anti-theft box, do not check specialized occupations box, next 30 days or less 369 N Woods Mill Rd., Chesterfield MO 63017 basic, 1,000, 1,000, no, get my quote

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