Depreciation
What is depreciation?
Depreciation is the reduction in the value of an asset over time.
What do mechanics look for when checking the brake pads?
Thickness
What state is it the most expensive to own a car?
California, Nevada, Michigan
What is the purpose of the dipstick in checking oil?
To measure the oil level and check its condition
What is the formula to find car depreciation?
y=(a)(b^X)
What is the first step you should take when preparing to change a tire?
Park the car on a flat, stable surface and turn on the hazard lights
If you choose to buy a car through a traditional private-party sales platform, it’s a good idea to remember that…
You should ask a lot of questions to make sure the offer is legit and not a scam.
Four important factors to consider when choosing a car
Mrs. Broadwater just bought his first car, a used 2020 Chevy Traverse, for $25000. The car will lose 8% of its value each year. Broadwater plans to sell the Traverse in 6 years to upgrade to a newer model. If she sells the car in 6 years, how much will it be worth?
$16,475
When is the best time to check the oil level in a vehicle?
When the engine is cold or has been off for a few minutes
How are LEASE payments determined?
Your lease payment covers the depreciation of the vehicle + interest.
Describe the importance of checking the title before purchasing a used car.
Checking the title is essential to confirm legal ownership and ensure there are no liens or claims on the vehicle. This protects the buyer from potential disputes or financial obligations tied to the car.
Jolene just bought a used 2023 Colorado Truck, for $30000. The car will lose 7% of its value each year. Jolene plans to sell the truck in 3 years to upgrade to a newer model. If she sells the car in 3 years, how much will it be worth?
24,131
What is the correct sequence for connecting jumper cables?
Positive on the dead battery, positive on the good battery, negative on the good battery, negative to an unpainted metal surface on the dead car
Explain how a car loan is calculate. Need 3 things
-Downpayment
-Interest
-Loan Term
Kylie woke up one morning, and saw she had a flat tire. What should Kylie do to make sure she has adequate air in her tire:
Kylie should check her tire pressure using a tire pressure gauge and inflate it to the manufacturer’s recommended PSI, found in the owner’s manual or on the driver-side door sticker.
Miss Biels Cadillac is currently worth 10,100. She has has the car for 7 years. It has lost 9% of its value in those 7 years. How much was the car worth when she purchased it?
$19,690.44
Why should you connect the negative cable to an unpainted metal surface on the dead car rather than the negative terminal?
To prevent a spark near the battery, which could cause an explosion
At Torgerson, Chris told us how to buy a car from her, what did she say?
-Go to the bank
-Find a loan option
-Make sure you have your drivers license
-Buy the vehicle
Tell me about three different cars, and what makes them different
yup