Teacher: Mrs. Kirkpatrick Title: Want a Car? Got a Job? Students Investigate Purchasing a Car and the Means to Pay – For It How can I, as a teenager in high school, pay for an automobile such that: PBL Problem: - I have time to do my current activities, - I have enough money to pay for the insurance, - There is enough money left to pay for fuel, and - The automobile suits my needs. Solution 1: One possible car would be this 2003 Acura. The needed information and budget would be: - down payment = $1990 => Loan = $17,910 Parents’ - Average Miles / Month = 1000 - Average Mileage = 22 miles / gal - # of Possible Hours I Can Work = 20 hours Budget Item $/Month Car Payment $595 Insurance $242 Fuel $118 Min Wage Needed $12/hr Pros Cons My friends will think driving an I might need to give up some of my activities so I can I’m cool Acura and it has lots of cool accessories. work more hours because $12/hour jobs are pretty rare for high school students. The car gets pretty good gas mileage. I will either be too busy working and/or too broke to do anything with my friends. are known to be dependable cars. If car insurance rates or gas prices increase I will not Acura’s be able to make the payments. This car is bigger so I can fit more friends My the color. boyfriend doesn’t like or transport more stuff to and from school. I can not afford to take any days off from work because I have to be able to Consequences: make these payments. I will not be able to go to any movies or go out to eat with my friends because all my money will be dedicated to making the payments. Solution 2:
Teacher: Mrs. Kirkpatrick Title: Want a Car? Got a Job? – Students Investigate Purchasing a Car and the Means to Pay For It PBL Problem: How can I, as a teenager in high school, pay for an automobile such that: - I have time to do my current activities, - I have enough money to pay for the insurance, - There is enough money left to pay for fuel, and - The automobile suits my needs. Solution 1: One possible car would be this 2003 Acura. The needed information and budget would be: - Parents’ down payment = $1990 => Loan = $17,910 - Average Miles / Month = 1000 - Average Mileage = 22 miles / gal - # of Possible Hours I Can Work = 20 hours Budget Item $/Month Car Payment $595 Insurance $242 Fuel $118 Min Wage Needed $12/hr Pros Cons My friends will think I’m cool driving an Acura and it has lots of cool accessories. I might need to give up some of my activities so I can work more hours because $12/hour jobs are pretty rare for high school students. The car gets pretty good gas mileage. I will either be too busy working and/or too broke to do anything with my friends. Acura’s are known to be dependable cars. If car insurance rates or gas prices increase I will not be able to make the payments. This car is bigger so I can fit more friends or transport more stuff to and from school. My boyfriend doesn’t like the color. Consequences: I can not afford to take any days off from work because I have to be able to make these payments. I will not be able to go to any movies or go out to eat with my friends because all my money will be dedicated to making the payments. Solution 2: