Vehicle costs
List 3 things that are costs that come with owning a vehicle
Possible answers:
Gas
Maintenance
Insurance
Car payments
Washer fluid
Registration (plates)
Tires
Cleaning
Name 3 costs that are in addition to the sticker price of a new vehicle
Possible answers:
Delivery
Freight
Fuel
Inspection
Registration (plates)
Administration
What are 3 costs involved with asking price for used vehicles?
Possible answers:
Insurance
Registration (plates)
Warranty
Safety inspection
PST/GST
Why do dealerships add a fuel charge to your bill ?
State 3 costs for owning a vehicle for business
Fuel, Maintenance & repair, insurance
What is the % of PST?
8%
What are some of the benefits of buying a used vehicle over a new one?
Cheaper ticket price
Don't pay as many fees
Don't have to pay as much taxes
What is a license fee for?
Installing plates
State 3 benefits for owning a vehicle for business
Convenience / flexibility, professional image, saves money
What is the percent of GST?
5%
What are some of the risks that come with buying a used vehicle compared to a new one?
Possible answers:
May have damages
May have been in an accident
May have issues that will happen more quickly
What is the depreciation of a vehicle and when does it start?
The natural decrease in a cars value over time and begins the moment you drive it off the lot
The following expenses are what Owen paid for 1 year for his vehicle. What was his total cost?
$83.13 Oil
$351 per month
$569.24 new tires
$25.00 wiper fluid
$4889.37
What is the percent of HST?
13%
What is the total sale value of a used car with a $2380 ticket price including PST?
$2570.40
What is the cost of a $9803 vehicle if it depreciates 26% after one year?
$7254.22
If Ethan paid $4889.37 for his car over the year, how much did it cost per km if he drove 14340 km?
$0.34 / km
What is the total price of the new car of the following costs WITH TAXES?
$35901 base price
$234 Delivery charge
$100 air conditioner tax
$75 fuel consumption tax
$41030.30
What is the price of the following used vehicle?
Certification $80.00
Emission - test: $45.39
Sale price: $3780
HST on both the certification and Emission-test
PST on the sale price
$4224.09
What is the price of a vehicle that costs $8023 if it depreciates 45% in 2 years?
$4412.65