GRADE 11 - TERM PROJECT
PURCHASING A GOOD USED VEHICLE
Criteria:
- this project must be produced using a word processing program and be
in a proper format.
- research purchasing a used vehicle, using " Davis bucks " ONLY .
- spend no more than $3,500.00 to purchase a "certified" used vehicle.
- research vehicle costs for first day expenses at the licensing bureau
- show 1 year amortized financing of $2,000.00 of the Davis buck's
required for purchase.
- research the cost of insurance for the vehicle, in the students own
name (not under parents policy).
- establish a responsible expense projection for the periods of
- one month
- one year
- determine a good visual and driving inspection that one may take to
establish vehicle quality.
- create a short questionnaire for the purchaser to ask, with
explanations and reasonable answers.
Project Headings
(Resubmit project with required changes made to obtain 50% of lost marks)
- Description of vehicle (include picture and full explanation of
terms used in advert)
- Descriptions of Terms (a list and explanation of 25 abbreviations
used in the advertising of vehicles)
- First Day Expenses (M.T.O. costs, taxes, insurance, fuel,
vehicle cost, etc.)
- Monthly Expenses (insurance, fuel, maintenance (listed),
repairs (listed), loan, etc.)
- Yearly Expenses (insurance, fuel, maintenance (listed),
repairs (listed), loan, sticker, etc.)
(Second half of project - due at end of term)
- Visual Inspection (what to look for and why)
- Driving Inspection (where to drive, who drives when with
explanations)
- Buyers Questionnaire (at least ten questions that a buyer should
ask, with answers and reasons, when to ask
the questions)
- Things to Avoid (a list of ways in which people get taken in
vehicle transactions and how to avoid the
pitfalls)
Resources:
- Auto-Trader Magazine, Buy and Sell Newspaper, Auto Mart Magazine,
etc.
- class notes
- http://www.gov.on.ca , http://www.autotrader.com
