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Section 12.1 & 12.2

Question to think about!. Section 12.1 & 12.2. Key Terms. Do cars represent a fixed or flexible expense to their owners?. *Carpool *Odometer *Feature *Options. Cute Car. Public Transportation. Section 12.1 & 12.2. No gas or insurance fees No repairs fees No parking fees. Cost

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Section 12.1 & 12.2

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  1. Question to think about! Section12.1 & 12.2 Key Terms • Do cars represent a fixed or flexible expense to their owners? *Carpool *Odometer *Feature *Options Cute Car

  2. Public Transportation Section12.1 & 12.2 • No gas or insurance fees • No repairs fees • No parking fees • Cost • Convenience • Speed • No parking • Close to major offices and districts • Traffic

  3. Section12.1 & 12.2 What Car is Right for You?

  4. Due Today!!!!!!!! Transportation Visual • Design a visual about the different stages of life and how you think each stage might affect what you would consider important in a car! • Student • Adult • Spouse • Parent • Empty-nester • Retiree

  5. Question to think about! Key Terms Section12.3 & 12.4 *Rebate *Leasing *Invoice Price *Sticker Price • Compare the types and locations of jobs you could accept if you did not own a car versus if you did own a car?

  6. No to Leasing if… Section12.3 • Drive many or very few miles each year. • Can pay cash for a new car. • Are particularly hard on your cars. • Keep your cars for many years.

  7. Car buying process… Section12.4 • Where to shop? • No-Haggle Dealers • Price is non-negotiable • Buying on the Net • Autobytel is free for buyers • When to Shop • Winter months • Beginning of a new model year – for the older model • Test Drive • Negotiate the Deal • Determine a fair price! • Invoice Price- get as close as you can to this. • Roughly 3% more than the invoice price! • Trade-In: sell it yourself!!!!! Do not tell them what you can afford!!!!!!!!

  8. Due Today!!!!!!!! Transportation Essay • Write a letter to Mrs. Regas sharing what it’s like to buy a car and advising her on the process. Please include no-haggle dealers, Internet purchases, and negotiations for a fair price. Suggest what she should do with her trade-in SUV.

  9. Question to think about! Key Terms Section12.5 *Owner’s Manual *Maintenance Schedule *Dipstick *Tune-Up *Rebuilt *Lemon Law • Explain how to find and do business with an automobile repair shop!!!!!

  10. Maintaining your car… Section12.5 • Repair Services • Check them out • Build a relationship • Describe the problem • Get an estimate • Ask about guarantees • Check and pay for repairs • Save your receipts • Routine Preventive Tasks • Tires • Oil • Other fluids • Tune-ups • Breaks • Other routine checks • Leaking fluids • Inspect belts and hoses in your engine • Exterior maintenance

  11. Question to think about! Key Terms Section14.2 *Bodily Injury Liability Coverage *Property Damage Liability Coverage *Medical Payments Coverage *Uninsured/underinsured motorist Coverage *Comprehensive Coverage *Collision Coverage *Deductible *Point *Assigned Risk • What is the purpose of car insurance?

  12. Factors Affecting Your Premium Section14.2 • Reduce Your Premiums • Drive carefully • Air bags • A or B grade point average • Safe neighborhood • Increasing deductible • Driver Classification • Age, gender, marital status • Rating Territory • Where more claims are generated • Driving Record • Determined by points • Type of Car • Expensive to repair, thefts • Claims History

  13. Homework due!!!!!! Insurance Policy Page 477 Section14.2 • What kinds of information does the insurance company require in processing the policy? • Why might what you use a vehicle for make a difference to the insurance company? • What might happen if you declared that you only use your car for going to school and local errands when, in fact, you use it to deliver pizzas for your after-school job? • If you had an accident while delivering pizzas, what might happen? • Look over discount section of page 477 and determine specific steps you can take to lower your own premiums.

  14. Insurance Policy Page 477 Section14.2 • What kinds of information does the insurance company require in processing the policy? • Age, gender, marital status • Where you live and drive • Driving record • Type of car • Claims history

  15. Insurance Policy Page 477 Section14.2 • Why might what you use a vehicle for make a difference to the insurance company? • If you drive all day for your job you are more likely to be involved in an accident. • Where you are driving is another factor.

  16. Insurance Policy Page 477 Section14.2 • What might happen if you declared that you only use your car for going to school and local errands when, in fact, you use it to deliver pizzas for your after-school job? If you were in an accident while you were delivering pizzas? • The insurance company could drop you.

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