Consumer Math Independent Study - Home



Name_______________________________________________________Date__________Car informationWalk around and look at the different posters. Use the posters to fill in the answers to each question. If you cannot find an answer, leave the question blank and we will come back to it.1. What are seven items you must consider when deciding your budget for the car you wish to buy?2. Explain what property (vehicle) tax is. 3. What type of maintenance and repairs should you prepare for after buying your car?4. What should you do before deciding to buy a car? Explain5. What should you do before you head to a car dealership?6. What is a typical term for a car loan? (The amount of time it will take you to pay off the loan)7. What should you never reveal to the dealer?8. Why should you be careful of dealers that offer “no money down” or a very low down payment?9. Should you negotiate based on the monthly payment for the vehicle? Why or why not?10. What are some extra items that dealers try to get you to purchase but are typically not necessary?11. Explain what leasing a car means.List the advantages and disadvantages of leasing a vehicle. Advantages of LeasingDisadvantages of LeasingFor the following terms, describe what they mean when referred to buying vs. leasing. Monthly Payments – Leasing-Buying-Mileage-Leasing-Buying-End of term-Leasing-Buying- ................
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