Owning and Operating a Vehicle

Buying a Car

100

The amount you pay upfront when purchasing a car before you finance the rest.

Down Payment

200

The extra amount you pay on top of principal when you borrow money to buy a car.

Interest

300

If a car costs $28 000 and you make a 15% down payment, how much do you pay upfront?

$4200

400

If you borrowed $23800 to buy a car, and you make monthly payments of $460 for 5 years, how much interest will you have paid at the end?

$3800

(460x60 = 27600)

(27600 - 23800 = 3800)

500

A car costs $32,000. You pay 20% down and finance the rest at 5% for 4 years. If monthly payments are $480, what is the total cost including down payment?

20/100 x 32 000 = 6400

480 x 48 = 23040

Total cost = 6400 + 23040 = $29 440

Leasing a Car

100

You may have to pay extra at the end of your lease if you 'go over' this.

kilometres

200

If you lease a car for $399/month for 36 months, this is the total amount you pay before taxes and fees.

399 x 36

= $14 364

300

A lease allows 20000km/year.  You drive 23500km.  If excess mileage costs $0.12/km, what is your penalty?

23500 - 20000 = 3500 

3500 x 0.12 = $420

400

If your lease payment is $399/month plus $1200 upfront, what is the total cost for 36 months?

$15 564

(399x36 = 14364)

(14364+1200 = 15564)

500

Compare two lease options:

• Option A: $399/month for 36 months with $1,200 upfront.
• Option B: $349/month for 48 months with $1,500 upfront.
  Which is cheaper and by how much?

Option A:  1200 + (399x36) = $15564

Option B:  1500 + (349x48) = $18252

Option A is cheaper: 18252 - 15564 = $2688 

Car Insurance

100

The amount you pay out of pocket before your insurance covers the rest of your claim.

Deductible

200

If your deductible is $500 and the repair cost is $2300, how much does insurance pay?

2300 - 500 = $1800

300

Your deductible is $750. If the repair bill is $3,200, how much does the insurance company pay?

3200 - 750 = $2450

400

If your insurance premium increases by 12% after an accident, and your original premium was $1,800, what is your new premium?

increase = 12/100 x 1800 = $216

new premium = 1800 + 216 = $2016

500

Compare two payment options:

• Option A: Pay $1,950 annually.
• Option B: Pay $170 monthly with a $3 fee per payment.
  Which is cheaper and by how much?

Option A: $1950

Option B: (170+3)x12 = $2076

Option A is cheaper by $126

Fuel Mileage

100

If gas costs $1.50/L and your car uses 8L/100km, this is the cost to drive 200 km.

8/100 x 1.5 x 200 = $24

200

A car gets 7.5 L/100 km. Gas costs $1.65/L. How much does it cost to drive 450 km?

7.5/100 x 1.65 x 450 = $55.69

300

If you switch to a car that gets 6.0 L/100 km instead of 8.0 L/100 km, how much fuel do you save over 20,000 km?

400 L

(2/100 x 20000)

400

If you drive 18,000 km/year and your car gets 7.0 L/100 km, how many liters of fuel do you use annually?

7/100 x 18000 = 1260 L

500

If gas costs $1.65/L and you use 1,260 L/year, what is your annual fuel cost?

1.65 x 1260 = $2079

Random

100

This Italian plumber has been saving Princess Peach since 1985.

Mario

200

This game lets you build worlds with blocks and fight Creepers.

Minecraft

300

This sport uses a puck and is played on ice.

Hockey

400

This NBA player is known as “King James.”

LeBron James

500

This animal is the fastest land mammal.

Cheetah