Buying A Car

Monthly Payments

100

Isabelle is buying a new car that costs 15 201.65 taxes included. Which payment plan would have the lowest monthly payments with financing?

A)2 years at 0.99%       

B) 4 years at 2.9%    

 C) 5 years at 0%    

D) 6 years at 1.9%

D) 6 years at 1.9%

200

Jonah bought a car that costs 24 514.25 excluding taxes. Use tax rate of 13%. His loan has 0% interest and runs for 60 months. What is his monthly payment?

461.69

300

Josie is buying a truck.The dealership is offering 0.9% interest for up to 48 months. Josie is going to finance the truck for 48 months. Use technology to find her monthly payment. 

Base Price - 35615

Extra Options 1525

Frieght 1400

940.42

400

Use technology to determine the monthly payment in each case.

 5-year loan for $24 000 at 0.9%

409.22

500

1. Pam is leasing a car. The details about her lease are: 

Charges on delivery are $618.02

Monthly payments are $434.18 for 48 months. What is the total amount Pam will pay over the 48 months?

21458.66

Fixed Costs

100

This fixed cost may be useful if you get into a car accident

insurance

200

1. Ben wants to buy a used car. The payments are $5429 per year for four years. The annual insurance premium is $2350. Calculate Ben’s monthly fixed cost

648.25

300

Brian’s net annual salary is $32 523. The annual fixed costs of owning his car are $5240.55. What percent of his annual salary are his fixed car costs?

16.11%

400

Calculate the monthly fixed cost 

 $286/month for financing

   $229/month for insurance

618.00

500

Find the monthly cost $1140/year for financing

$1989/year for insurance

260.75

Variable Costs

100

Jacob has an SUV with a 60-L gas tank. How much will it cost to fill the tank if gas is 1.14 $ per L

68.40

200

This type of variable is suppose to be done every 3 months of 5000 km, but Miss believes it is optional to do before a light comes on

oil change

300

The highway fuel consumption rate for Jacob’s SUV is 6.1L per 100km. How many litres of gas will he need to travel 660km? How much will this cost if gas is 1.14?

40.26L

$45.90

400

Adam bought a sports car. How much will Adam spend on maintenance in the first year? Maintenance and repair costs are in the table below. 

Oil change every 3mnths/5000 km - 50

rotate tires 3 mnths/5000km 20

air filter - 12 months - 30$

$30.00

500

1. The fuel consumption rate of Devon’s car is 7.2L per 100km. Approximately how many litres of gas will the car use to travel 1265km?

13L            B)91L            C) 176L        D)9

91 L

Interest and Km

100

True or False - you can drive as many kms as you want on a leased vehicle 

false

200

1. ave is leasing a car and wants to pay for an extra 1200km up front. If Dave has to pay 8 cents a km, how much will he owe the dealership?

A)$96            B)$150        C)$960        D)$1200

$96

300

Joe is buying a truck. He is paying 940.42. Joe is going to finance the truck for 48 months.  How much interest does he pay? 

Base Price - 35615

Extra Options 1525

Frieght 1400

$819.00

400

Calculate the cost for the extra kilometres.

 25 548 km at 8¢ each

2043.84

500

Josh purchases a car for 7500, his monthly payments are 189.95 over 60 months. What is he paying in interest?

3897