By: Patrick Collins. Table of Contents Intro Car Choice Payments Financing Maintenance Insurance.

Slides:

Advertisements

Similar presentations

© 2005 Consumer Jungle Lesson Three: Insuring a New or Used Car.

Advertisements

G1 © Family Economics & Financial Education – Revised February 2009– Transportation Unit – Automobile Insurance Funded by a grant from Take Charge.

Car Stuff. Auto Insurance – Basic Types Bodily injury liability: –Pays for injuries you cause to someone else. This is usually required. Property damage.

So, just how well do you know the ins and outs of your own auto insurance policy? To find out, take this simple quiz: Created by USAA insurance.

Step by Step Guide. A new car depreciates (decreases in value) quickly - after 3 years is worth 60-70% of its original value ($20,000 = $12,000) – as.

Buying the Necessities

Teens 2 lesson eight cars and loans. the costs of owning and operating a car Ownership (fixed) costs: Purchase price Sales tax Registration fee, title,

© 2010 South-Western, Cengage Learning Chapter © 2010 South-Western, Cengage Learning Buying and Owning a Vehicle 23.1Buying a Vehicle 23.2Maintaining.

Chapter 33 Vehicle Insurance pp Introduction to Business, Chapter 33 Slide 2 of 60 Why It’s Important Most states require you to have some form.

COSTS OF BUYING A CAR PART 2 Because cars still cost money.

What are the pros and cons of owning a vehicle? Pros Cons.

7 Steps for Finding the Right Car. If you examine your needs rather than wants, you will quickly discover what the right car is for you.

How to finance a car So you need a loan…. What is a down payment? This is the amount you already have saved up in cash to pay towards your car.

Game of Life. Making the right choice  Before you begin decide how much you can afford to spend  Decide which car models and options interest you 

Managing Your Personal Finance UNIT 2: GETTING YOUR FIRST CAR Topic: CAR INSURANCE.

Buying the Necessities

T-19.0 Driving Through A New Century Topic 1 Insuring Vehicle Topic 2 Purchasing Vehicle INSURANCE.

Gabriela Martinez 11/10/08 Honda Civic Honda Civic  Crash test rating: Good  MPG: 25 city/34 hwy miles  Affordable used car.

Insurance Your Protection. Risk The chance that something unexpected will occur. Risk Management  Various ways to deal with potential personal or financial.

CAR BUYING. 90% of people in our culture purchase things they can’t afford. To impress people they do not like. Don’t be one of them! Especially when.

Insurance Basics. Why Do You Need Insurance? Help you pay for things that could happen to you that you cannot afford Law says you need to pay to compensate.

Insurance Basics Home Automobile Medical & Life. Insurance Basics Learning the Language of Insurance.

Transportation and Buying A Car CONSUMER ED. Overview  Transportation is considered a basic need.  Get to work, get to school, go shopping, etc.  Depending.

Grant Yost. NEEDS  Four door  Automatic transition  Air conditioning  Safe  Good gas millage  Luggage space  Defrosters  Anti-lock breaks (If.

My name is Colin Martin, I’m a sophomore in High school I already have a big sum of money saved up for a car I babysit most weekends for money I have a.

Chapter 12: Transportation. New or Used?  What are the pros and cons of each option?

Car Buying Caveat Emptor Step One: Decide What’s Important? What do you need the car for? What qualities of the car are most important?

Section 22.1 ~ Objectives Common insurance terminology How to lower some insurance costs.

© 2005 Consumer Jungle Insuring a New or Used Car.

Automobile Insurance Managing the Risk G1 © Family Economics & Financial Education – Revised November 2004 – Transportation Unit – Automobile.

Automobile Insurance Managing the Risk G1 © Family Economics & Financial Education – Revised November 2004 – Transportation Unit – Automobile.

Chapter 17/13.5 Buying and Owning a Vehicle and Insurance.

Buying a Car Jeopardy Final Jeopardy Car Buying Vocabulary Insurance Types of Coverage All.

Chapters 8,9,10,11, and 13 Shyla Johnson. Chapter 8 Determining Affordability Never buy from the first car shop always check a couple different car shops.

Auto Insurance Financial Responsibility Law Do you have to have insurance? Why? What kind? 2 Major Types of Coverage Property (Comprehensive and Collision)

So, You Wanna Buy a Car? What goes into buying your own vehicle?

© 2011 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Chapter 16. Buying/Owning a Vehicle What are some questions you should ask yourself before buying a vehicle? What type is best for me? Operating expenses?

Personal Finance: Automobile Payments & Maintenance

Auto Insurance Information Mr. Blais Law and You.

Car Insurance Source of Lesson Resources: Next Gen Personal Finance.

Cerbone Unit Eight cars and loans. the costs of owning and operating a car Ownership (fixed) costs: Purchase price Sales tax Registration fee, title,

Auto insurance What is ?. Auto insurance provides a measure of financial protection in the event of a car accident.

Chapter 15: Our Economy and You Social Science. Income Managing your money takes several steps, the first of which involves what you make There are several.

CHAPTER 5Slide 1 of 5 Chapter 5. TRANSPORTATION: BUYING, FINANCING AND INSURING YOUR CARS Getting the best deal… the best financing… the best insurance.

Business Law Student Example By: Date:. Table of Contents § My Transportation Needs 3 § My Personal Budget 4 § Vehicle Comparison Shopping 5 § Am I Ready.

LESSON 5 Buying a Car. Terms Review APR Coupe Collision Insurance Lease Liability Insurance Loan Minivan No-Fault Auto Insurance Sedan SUV (Sports Utility.

Gettin’ a Car What does it cost? How do I get it?.

Buying a Car. Objectives  Students will:  be able to find a car that fits your needs.  be able to decide whether a new or used car is right for you.

Managing the Risk G1 © Family Economics & Financial Education – Revised February 2009– Transportation Unit – Automobile Insurance – Slide 2 Funded.

What to know? How much can you spend every month? What are Benefits to new, used & leases? Should I Buy or lease? Do I have a Down payment or Trade-In?

Applied Business Practices Final Exam Review. Credit –Borrowing money with the promise to repay in the future Installment Loan –Loan in which you make.

Vehicle Registration – Tags  Tag follow individual when: Selling vehicle Trading vehicle Transferring ownership of a vehicle  Turning in tags: When.

Car Shopping. Costs of Owning a Car Depreciation Interest on loan Insurance Registration fees, license, taxes Gas Oil/fluids Tires Maintenance and repairs.

What car’s best for my family? Your family of four needs a car and you get to help decide which car they should buy! They know they want to buy something.

Insurance and Investments Lesson 5. Insurance Why is it important? –Risk: chance of loss from some type of danger Can be reduced (helmet, seatbelt, locked.

Acquiring a Vehicle Section Understanding Business and Personal Law Acquiring a Vehicle Section 16.1 Owning a Vehicle Section 16.1 Acquiring a Vehicle.

Insurance 101 Personal Finance. Learning Goal To be able to define terms relating to insurance.

BUYING & LEASING A CAR Unit Two—Budgeting Standard 4 Financial Literacy Mrs. Morrey.

INSURANCE: What you should know..  If you drive, you must have car insurance.  When something unexpected happens, you will be more likely to afford.

PERSONAL FINANCE GAME This project counts as a TEST grade. LISTEN and follow directions! Excel Sheets: 1- MONTHLY BUDGET SHEET 2- CHECKING ACCOUNT 3- SAVINGS.

Work Lease Vehicles: Five Reasons Why Leasing Livery Makes Good Sense.

Lesson Three: Insuring a New or Used Car. Auto Insurance Based on Risk & Loss Why do you need it? –To financially protect yourself, others, and your car.

Auto Upkeep Basic Car Care, Maintenance, and Repair (2nd Edition)

CHAPTER 8 Personal Finance.

Would you survive financially in the real world?

CAR BUYING PROCESS PERSONAL FINANCE.

CHAPTER 8 Personal Finance.

CHAPTER 8 Personal Finance.

Presentation transcript:

By: Patrick Collins

Table of Contents Intro Car Choice Payments Financing Maintenance Insurance

Introduction As a student and an athlete I do not have time to work after school. However, during the summer I work full time. With the money I have saved up from this I plan on buying a used car with my parents help. It has to be something safe but sporty and obviously can not be lame.

Car Choice: BMW 325i The car I chose for purchase is the BMW 325i. This car is a reliable German made sedan with under miles. It is an automatic with decent gas mileage and 2wd. This car is fast, safe, and looks decent. In short it is the perfect first car.

Payments Cars cause a person to spend lots of money. A driver has to pay for many things such as gas, maintenance, insurance, and financing. In order to pay for these things I will have to save money from my job and work out a deal with my parents. For example, if I pay for gas then they will pay for insurance. A way that I could get them on board with this would be to offer them my free time to run chores and drive siblings around.

Financing the Car To purchase this car, I will be spending my own money and my parents have decided to meet me half way. The car is selling for $7,500 dollars. If I meet them half way then I will be spending under 4k. This amount of money is reasonable for a high school student and their help keep me from having a financial contract such as a loan.

Maintenance Because this car is reasonably new, the cost of parts should not be overly expensive, however it is a foreign made vehicle which will up the price. However, BMWs have been known for their reliability and this will help to keep from making expensive purchases. This car comes with many installed features which may need to be repaired at some point.

Insurance Medical-to cover the passengers that I would be transporting Personal injury-to protect myself from any injury during an accident No-fault-to keep myself from not being able to pay for an accident Uninsured Motorist-to keep myself from getting ripped off since another driver doesn’t have insurance Rental, Towing, and GAP- If something goes wrong with the car I can easily get the car moved to a shop to get fixed Liability- to help keep me from paying for an accident that may not have been my fault The insurance would be paid for by my parents. The realize that my safety is important and also that I don’t have that much money, or time to make money so any major payments would be very detrimental.

Bibliography N7w5w7u8u7TQsBsE0LZLg7t7e2uzkQaHW8YzkNjcFmHEOQ==/?pl=3&csearch=3&v_ref=aHR0cDovL3VzZWRjYXJzL mtiYi5jb20vY2Fycy9jYXJzLWZvci1zYWxlLUJNVy9sb2NhdGlvbi0xOTM4Mi9wcmljZS1taW4uMTEwMDAvcmFuZ2UtMj Aw&v_user=a2JidWNp&kbb_zip=