Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills
Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills
Section 02 Loans & Expenses Unit 04 Cars - Practical Money Skills
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activity A<br />
Activity A<br />
The operating costs of a car<br />
name: date:<br />
Model year<br />
Make, size, model<br />
Fixed costs<br />
Depreciation—Purchase price $ __________<br />
divided by estimated life ______ years $<br />
Annual interest on car loan (if applicable) $<br />
Annual insurance costs $<br />
License, registration, taxes $<br />
Variable costs<br />
Gasoline—estimated kilometres per year __________<br />
divided by ______ km/litre times<br />
the average price of ______ per litre $<br />
Oil changes for the year $<br />
Tires $<br />
Maintenance, repairs $<br />
Parking and tolls $<br />
Total costs $<br />
Divided by kilometres per year<br />
Equals Cost per kilometre $<br />
Part 2…<br />
<strong>02</strong>.<strong>04</strong>.01<br />
Based on business visits, phone calls, advertisements, and the Internet, obtain information<br />
for the cost of (a) an oil change, (b) a tune-up, (c) new brakes, (d) tires.<br />
choices & decisions section <strong>02</strong>. loans & expenses 87
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