Name_________________________

SENIOR ECONOMICS BUDGET

ACTIVITY 3: TRANSPORTATION

Investigate the purchase of a vehicle.

1. Find a car you want to buy that is currently on the market. What kind of a car is it?

2. How much does the car cost?

3. What is the current interest rate on car loans? <http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx>

4. What will be your monthly payment?

5. What company will you use to insure your car?

6. What will your insurance costs be for the year?

7. What will your insurance costs be each month?

8. How much will your monthly transportation expenses be each month?