1. In pairs, analyze which car type would be best for you in the given situation. Should you choose a small/compact car, a mid-size sedan, a minivan, or a small SUV ? Why? Prepare a paragraph describing your choice and the reasoning behind it.

2. Visit the following five manufacturer web sites. Find out what the prices for each model are, and create a spreadsheet with these prices using the same headers: a “small/compact car”, a “mid-size sedan” , a “minivan”, or a “small SUV”.

Based on your findings, which car would you choose? Why? Prepare a paragraph describing your choice and the reasoning behind it.

3. Pick one model of vehicle from the same five manufacturer websites (e.g. the cheapest base model in the small car category). Find out how much it will cost you to finance and/or to lease it for a 4-year term. Calculate how much your outstanding balance will be after 4 years. Which payment form would cost you less, and which one would cost you the most? What is better: leasing or financing? Why? Prepare a paragraph describing your choice and the reasoning behind it.

4. On average, a motorist drives about 24,000 km per year.
Visit
http://www.fueleconoyour.gov/feg/findacar.htm or
http://www.oee.nrcan.gc.ca/transportation/tools/fuel-consumption-guide/fuel-consumption-guide.cfm
to find out what the average fuel cost is for each of the five vehicles you chose under point 3. Assuming that the price of gas will be constant for the next 4 years at CAD1.50/liter, how much will your outstanding balance be after 4 years if you include the price of gas into your calculations?

5. Assume you decide to buy a previously-owned car at 70% of the market price and you borrow the money from the bank at 10% interest. How much are you paying for your car over 4 years under these given conditions?

6. Present a cost analysis for each of the five cars in a PowerPoint presentation. Explain why you chose this model of vehicle, which payment method you prefer, and how much you will be paying at the end of the 4-year term.