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Date ________________Name ____________________Buying A VehicleA car will probably be your first big purchase. There is something about your first car, you will likely remember it forever. Sometimes this is a good thing, sometimes not so much! In this project you will investigate car purchase options. For most people, the car (likely a truck in PG) you WANT to buy for a first vehicle is not likely the car you can AFFORD to purchase. For this project, your budget is $25 000. You have $5000 saved but will need to keep half of this for first car purchase expenses (insurance, accessories, expenses…) so your down payment is $3000. Part 1: Buying a NEW Vehicleleft741680toyota.cagm.cachevrolet.cahonda.cakia.casubaru.canissan.ca hyundai.ca vw.ca ford.cachrysler.cajeep.cadodge.ca00toyota.cagm.cachevrolet.cahonda.cakia.casubaru.canissan.ca hyundai.ca vw.ca ford.cachrysler.cajeep.cadodge.caYou will compare financing versus leasing the NEW vehicle. Visit one of the websites listed below to decide on your new car purchase. Complete the table.Make/Model/Year: DetailsFinance/CashLeaseWhat is the MRSP?Current Incentives/OffersFreight/Delivery/FeesTax (5% GST, 7% PST)Less Down PaymentSale PriceDetailsFinance/CashLeaseTotal for Finance/leaseNumber of MonthsRate Monthly PaymentWhat happens to the price of the vehicle if the term is decreased to 48 months?Gas tank size?Fuel Consumption (L/100km)CityHighwayExplore the site for First Car Purchase Advice. What are some of the factors the dealer recommends that consumers consider prior to purchase?Investigate the lease terms for your particular purchase. What are the benefits of leasing?What are the limits involved with leasing?What are some of the factors to consider when deciding if you should lease or finance? ................
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