Name:
Zachary Pierzchala
Part 1: What type of car will meet your needs? Take into account all the things you
may need to use your car for?
Will you need to haul anything with your car?
No
Will you need to have more than 2 people in your car?
Yes
Will you need four-wheel drive?
Will you need to drive lots of distance?
No
No
How much gas can you afford to buy each week?
How much could you spend on repairs each month?
$50
$150
Part 2: Create a list of at least 6 cars that meet your needs based on the above
requirements
2013 Ford Taurus SEL
2015 Volkswagon
Jetta
2014 Ford Focus
2014 Chevrolet Cruze LT
2010 Jeep Wrangler
2008 Honda
Accord EX-L
Part 3: Research the reliability of the cars on your list. You may want to consider
using Consumer Reports for this.
Car
Engine
Jetta
1.4 L 4cylinde
r
Taurus
2.0 L 4Cylinde
r
Wrangler
3.6 L
Automa
tic/
Manual
Manual
Fuel
Safety
30.4
MPG
Averag
e
5 star
rating
Automati
c
23
MPG
averga
e
5 star
rating
automati
19
3 star
Extras
(Heated
Seats Etc.)
Rearview
camera,
Navigation,
roadside
assistance
Extra thick
support
cushion,
MyFord
system, curve
control,
Heated Seats,
Overall
C
Edmunds
rating
7.7 overall
on us news
ranking and
reviews
4.5 star
1
Accord
Cruze
V6
MPG
averag
e
rating
2.4 L 4cylinde
r
1.4 L 4cylinde
r
Automati
c
20
MPG
5 star
rating
Automati
c
34
MPG
4 star
rating
Lockable
center console,
audio input
jack
Interior illusion
lights,
Navigation,
Bonus rear
seating room,
Navigation,
Connet your
snmartphone
rating on
Edmunds
A
Edmunds
rating
4 stars on
Edmunds
Part 4: Find at least 3 cars listed locally that meet your needs.
Make
Chevrolet
Model
Malibu
Year
2009
Price
$11,78
8
Chevrolet
Cruze
2014
$14,49
5
Ford
Focus
2014
$12,29
5
Features
Cruise
control,
traction
control,
engine
start
6 speaker
system,
Front anti
roll, brake
assist
Leather,
Front antiroll, Radio
data
system,
rear
brakes
Contact Info.
(586)791-1010
35500 Gratiot Avenue,
Clinton Township, MI
48035.
877-481-7773
40333 Van Dyke Ave
Sterling Heights, MI
48313
877-4817773
40333 Van Dyke Ave
Sterling Heights, MI
48313
Part 5: Look up the value of each of the three cars you found. Use kbb.com for this.
You must factor in Year, Make, Model, Features, Mileage, and Location to find the
price.
Car 1 Focus
Malibu
Car 2
Cruze
Car 3
Part 6: Find at least three places where you could secure a loan for one car on your
list. You may want to consider banks and credit unions to find the best deal.
Institution 1: Chase bank
2
Institution 2: TCF
Institution 3: Bank Of America
Part 7: Find, Print, and Complete a Car Loan Application
*** Do NOT include your Social Security # ***MAKE ONE UP!!!!
Part 8: Determine what your loan will actually cost. You should come up with the
monthly payment and determine the amount of principle and interest over the life
of the loan.
http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx
http://www.cars.com/go/advice/financing/calc/loanCalc.jsp?mode=full
Monthly payment $___287.64________
Interest $__811.51________
Principle$_12,995_________
Part 9: What will it cost to put your car on the road? Identify taxes, registration, and
insurance costs.
Title Fee: __$15_______________
Registration: _$23_________________
Plates:
$5
Insurance:
$89.46
Total: ___$132.46__________
____
Part 10: General Up-keep and Maintenance
You also need to be concerned with the general upkeep of your car along with how
much it is going to cost to keep gas in your car. This include regular oil changes
after 3000 miles, two new tires every year for Michigan winter weather adventures
and other car problems that could possibly occur. Below is a list for you to fill out
that will help you calculate the other yearly costs of operating your car.
1. The average number of miles driven per year by Americans is 12000.
A. How many times will you have to change your oil then? 4
B. If you will change it yourself, go to letter (d); if you plan on having
your oil changed by professionals go to letter (c)
C. What is the average cost of an oil change? $35
a.
Now multiply that number by how many time a year you will
need your oil changed.
Total yearly charge:
$140
D. For the do-it-yourselfers, you need to determine the number of
quarts of oil you will need every year, the number of oil filters you will
need, we will assume you have the wrenches to complete the job, but
you will need to buy some ramps so you can get to our oil plug.
3
Number or quarts of oil:
Total cost of oil:
Total cost of all filters:
Cost of two car ramps:
Total yearly cost for your oil changes:
2) Since the average number of miles driven is 12000, we are going to determine
how much money you will spend in fuel for one year.
a) Does your car run on gasoline or diesel? Gasoline
b) What is the average fuel mileage of your car (from page 1)? 27
c) What is the average cost of 1 gallon of fuel?
About 2 dollars
d) Find the total cost of your fuel for one year:
(Number of miles driven / avg. fuel mileage)(Avg. cost of 1 gal. of fuel)
(12000/27)(2)
3) What would the cost of 2 new tires for your car be?
169.94
Site where you found this: from summit racing equipment
Part 11: Complete the following chart
One Time Cost
Monthly
Registration: $23
Loan: &12,994
Taxes: $250
Plates: $97
Down Payment:
$1,000
Other:
Insurance: $59
Weekly
Gas: $72.43
Repairs
Find at least 3 cost
of repairs for our
vehicle
Brakes
Axial
Tires
Part 12: Research and present the cost of buying a car directly from the dealership
BRAND NEW!! What is the benefit of buying a car brand new vs. used. Look in to
the price of that car for a lease option and present the cost of leasing vs. buying
brand new. What is the benefit of leasing? What are the drawbacks? Out of the 3
options, buying used, buying brand new, and leasing, when would each purchase be
required in someones life? What is the best option for you now? What is the best
option for you later on in life? Why?
New Car- 17,225
Used Car-12,994
Leased Car- $358.85 per month for 48 months no down payment
4
The benefit of leasing is not being tapped in the same car your whole life. If you
want a new car you have to wait till your contract is up. Leasing- got a stable job,
New- saved all their money, used- high school/ college student. For me now none of
these are a good option because I dont have a car or my license. Leasing is
probably the best option for me in the future because I could feel out a few cars
before I find my dream car.
