Car 2

Name _________________________                                    Period __________

1. Go to: http://buffalo.craigslist.org/  and click on; cars+trucks

2. Shop for a car that costs $5,000 or under and is 2006 or newer

3. Find the insurance here: http://www.iihs.org/research/hldi/composite_cls.aspx

4. Now go here: http://www.nadaguides.com/Cars select the make model and enter the mileage.  Click HERE to get MPG data. 

Car type ______________                 Year ______________

Car cost ______________                  Insurance ______________

MPG city ______________               MPG highway ______________

(10,000/MPG city)+(5,000/MPG highway) x $4.00=A

Insurance x 12=B

((A+B)x3)+car cost=C

C/156=price per week

10,000/MPG city= ______________

5,000/MPG highway= ______________

Add them together and multiply by $4.00 _______________

Multiply your insurance by 12 ______________

Now add it to your fuel cost above (to get a year total)  ______________

Multiply that number by 3 (for three years) ______________

Add the cost of the car  ______________

Divide the total by 156  ______________

OK, that was the walkthrough.  Now let’s see if you can do it on your own!  Find another car and record the numbers:

Car type ______________                 Year ______________

Car cost ______________                  Insurance ______________

MPG city ______________               MPG highway ______________

Check and update your stocks if you finish! http://www.howthemarketworks.com/