You just realized that with work, school, sports and other obligations you REALLY need a set of wheels.

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1 Introduction You just realized that with work, school, sports and other obligations you REALLY need a set of wheels. But what is it going to cost? And Your budget only allows you 400 a month! And you have no idea what a car REALLY costs! Let s see if you and your friends can figure out how to put you in a new set of wheels! Task In this webquest you and your friends will research the costs associated with owning a car. You will choose, or be assigned, a position as Car Shopper, Banker, Insurance Agent or Mechanic. You will do your individual research, and come back together with the group to decide on the best option. By the end of the web quest you will have chosen a cost effective and hot car within your budget!

2 Process You will break into groups of 4, and each person within the group will have a task. The jobs are: Car Shopper This individual will pick 3 cars that cost less than 15,000, and list the features and benefits of each. Prepare to provide the cost, a picture and the options of each. Things to consider when shopping for a car: before you begin shopping: - Decide how much you can afford to spend. - Decide which car models and options interest you. - Research the reliability of the model of car you want. - Find out where the nearest repair facility is that works on the type of car you want. - Find out whether parts are readily available for the type of car you want. Find recent prices in used-car ( ) on the - Know how to read a Buyer s Guide sticker. as you shop: - Find out the reputation of the dealer. - Find out what type of warranty comes with the car. - Find out what type of service contract comes with the car. Banker - This individual will come up with 3 financing options for a 5 year loan, and develop a spreadsheet that will calculate the car payment, insurance, and operational costs monthly, annually and after 5 years. Shopping for a car loan Things to consider: - Annual Percentage Rate (APR) - Length of the loan - Monthly payments - Total finance charge - Total to be repaid Insurance Agent- This individual will research insurance options and get 3 quotes on insurance for each of the car options, to stay within the budget.

3 Things to consider: Types of auto insurance coverage liability (40 50% of premium) - Bodily-injury coverage - Property-damage coverage (i.e., to another person s car) collision (up to 30% of premium) - Pays for the physical damage to your car as a result of an accident - Limited by deductible comprehensive (about 12% of premium) - Pays for damage caused by vandalism, hailstorms, floods, theft, etc. medical - Covers medical payments for driver and passengers injured in accident uninsured motorist - Reimburses you for bodily injury in accidents caused by uninsured drivers towing and labor rental reimbursement n-pays a specific amount per day to rent a car while yours is being fixed Mechanic This individual will list all the maintenance issues that can be expected over the next 5 years and approximate costs. Things to think about The costs of operating a motor vehicle Operating (variable) costs: - Gasoline - Oil and other fluids - Tires - Maintenance and repairs - Parking and tolls - Registration fee, license, taxes Based on business visits, phone calls, advertisements, and the Internet, obtain information for the cost of (a) an oil change, (b) a tuneup, (c) new brakes, (d) tires. Each individual will be given one week to research their area of expertise. They will come back to the group with the possibilities and the group will decide by consensus which car, loan and insurance to take. The group will then complete a spreadsheet developed by the Banker listing the Car, and a budget to include monthly expense, annualize and 5 year total.

4 Sources Car Shopper Resources Kelley Blue Book Vehix.com Cars.com Banker Resources Loan Rates x=0 Loan Calculator Insurance Agent Resources Mechanics Resources Based on business visits, phone calls, advertisements, and the Internet, obtain information for the cost of (a) an oil change, (b) a tune-up, (c) new brakes, (d) tires. Conclusion In this web quest you and your friends researched the costs associated with owning a car, while staying within a budget. Did the final amount you paid after 5 years surprise you???? A car is a major purchase, and responsibility, but also something to enjoy and be proud of. When you are ready to purchase your next vehicle, you will now be an informed consumer. Have fun!

5 Teacher Page Students should be separated in groups of 4, so each student can have an individual task, and the group can come to consensus. It is also possible to have one student take on all tasks, and complete this webquest individually. The Banker should be a student that is proficient in Excel or some spreadsheet program. If spreadsheet knowledge is not available, or to advanced use this worksheet. For additional information on related topics you can also reference Standards Mathematics (Grades 8-12) 2.2.A Complete calculations by applying order of operations. Develop and use computation concepts, operations and procedures with real numbers in problem solving situations. 2.2.E Demonstrate skills for using computer spreadsheets and scientific and graphic calculators. 2.5.D Determine pertinent information in problem solutions and whether any further information is needed for solution. Economics (Grades 9 12) 6.3.B Analyze how unlimited wants and unlimited resources affect decision making. Evaluate the economic reasoning behind choice. F Family & Consumer Science (Grades 9-12) 11.2.A Solve dilemma using a practical reasoning approach. Justify solutions developed by using practical reasoning skills.

6 Evaluation Let Buy a Car! Objectives Research Low Performance 1 point Fewer than 3 possibilities were researched. Group Activity 0 points Group did not work well together Presentation & 1 point Summary Presentation was disorganized and lacked overall explanations. Timely 1 point Submission Submitted after due date. Average 3 points Three possibilities were given, but without any explanation. 3 points Group works well together, but could not come to a consensus 3 points All parts of project were reviewed, but presentation was weak. 4 points Completed and submitted on time. Earned Exemplary Performance Points Three or greater possibilities were given with features and benefits of each. Group can to a consensus quickly and developed a plan. All ideas were presented in an interesting manner, and reviewed overall project. Submitted before due date. Score:

7 The operating costs of a motor vehicle Model year Make, size, model Fixed costs Depreciation: Purchase price divided by estimated life years Annual interest on auto loan (if applicable) Annual insurance costs License, registration, taxes Variable costs Gasoline: estimated miles per year divided by miles per gallon times the average price of per gallon Oil changes for the year Tires Maintenance, repairs Parking and tolls Total costs

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