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# Dream Car Project

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Dream Car Project

Name ___________________________ Period _______ Date _____________________

Dream Car Project

ALL DUE FRIDAY, MAY 11, 2007

Introduction

There are many things you will have to do in your life that no one will teach you

or give you advice about buying a car is usually one of them. Most people walk into a

car dealership not knowing what to expect. They have no idea of the normal price for a

particular car, what constitutes a good deal, what kind of interest rate to expect, or what

the monthly payments should be. Any practice you can get at these skills before you

walk in the door of the dealership will probably save you money in the long run. While

we are working with your “dream” cars rather than a practical car you might one day

actually own, there is still benefit in the exercise.

Overview

There are four parts to this project:

? Gathering information Record the information you gather for four cars on the

sheet titled “Dream Car Data”

? Calculating the long-term cost of purchasing the cars Use the Yahoo! Autos

Finance Calculator to calculate the expected monthly payments and then record

this information on the sheet titled “Long-Term Cost of Purchasing Your Dream

Car”. This sheet will then guide you through the process of discover how much

you might really pay for your car.

? Display Using a poster or large paper, display the information you gathered on

the exception that it tells the customer the long-term cost of the purchase.

? Poll You will take an online poll to give feedback on the project.

Instructions for “Dream Car Data”

o For example, John Smith with ID number 12345 who was born on July 4,

1993 would enter the following:

? Select this class “PRE ALGEBRA 2” – from your course list.

? Click the tab at the top of this page labeled “In Touch”.

? Scroll to the bottom of the page where you will see a

section called “In Touch Links”. Find the link for the Bridge Algebra I T. Ahlgren Spring 2007

Name ___________________________ Period _______ Date _____________________

Yahoo! Autos Home Page, and click on it. This will take you to the homepage

for Yahoo! Autos, which is a fantastic website to use for researching various new

cars.

section on new cars. You must select four

different cars to research for this project.

On the form shown at right, select the make and

model of each car you wish to research and then

press “Go”.

? Now you will be at the home page for a certain

make and model of car. There will be a list of the

different types available. Select one, and an

information sheet will come up for that particular

car. This is the information that you will record

on the “Dream Car Data” sheet.

? Don’t forget that you also need to print a picture

for each of your cars. The best way to do this is

to right click on the picture of the car. A menu will pop up that says “View

Image” at the top. Select this to bring up a page with only the picture. Then click

on File and Print to print your picture. This will keep ink from being wasted by

printing the rest of the page.

Bridge Algebra I T. Ahlgren Spring 2007

Name ___________________________ Period _______ Date _____________________

? The following information is also required for the “Dream Car Data” sheet:

o Make Brand name (Chevrolet, Ford, etc.)

o Model Car Type (Cavalier, Mustang, etc.)

o Type of Transmission Automatic or Manual?

o MSRP Price (Stands for Manufacturer’s Suggested Retail Price)

o Type of Engine How many liters, valves, horsepower, RPM, etc.

o Gas Mileage Both city and highway (How far the car goes on one gallon of

gas.)

o Yahoo! Autos Green Rating This rates environmental friendliness on a

scale from 1 to 100. The higher the Green Rating, the lower its harm to

human health and the planet.

o Standard Features What comes with the car at this price? (Driver-side

airbags, AM/FM CD Stereo, Anti-Lock Brakes, etc.)

o Options What can you add for additional cost? (Side-curtain airbags, XM?

? Make sure that you are logged in to IPS Online. (For assistance with this, please

read the instructions for “Dream Car Data”.) ? Once again, select this class PRE ALGEBRA 2 from your course list. ? Select “In Touch” at the top of the screen. ? Scroll down to the bottom where there is a section called “In-Touch Links”.

? Find the link for Yahoo! Autos Finance Calculator and click on it.

? You should be at

the page for the

Yahoo! Autos

finance calculator.

Plug in the

numbers at right,

plus the price of

Negotiated Price)

to determine the

montly payments

with an average

interest rate.

Record this

information for

each car.

Bridge Algebra I T. Ahlgren Spring 2007

Name ___________________________ Period _______ Date _____________________

? Once you have completed the monthly payments with an average interest rate,

you need to find the monthly payments if you instead have a high interest rate.

? Make sure you

fill in the correct

numbers at right,

including

9% in the

Interest Rate

field. Once you

have filled in the

price for each

car, it will

calculate the

monthly

payments with

a high interest

rate.

Record this

Information.

remaining

instructions on

Instructions for Display

There are no specific instructions for creating your display for one car, however it needs

to have the following things:

o All of the information from the “Dream Car Data” sheet.

o A picture of the car.

o The total cost if you pay in cash.

o The monthly payments with an average interest rate.

o The total cost if you finance with an average interest rate. o The monthly payments with a high interest rate.

o The total cost if you finance with a high interest rate.

o The difference in price between cash, monthly with an average interest rate, and

monthly with a high interest rate.

o The most important information must be large enough to be read at a distance of

several feet.

o Color. While your picture will most likely be in black-and-white, the rest of the

display needs to be colorful.

Bridge Algebra I T. Ahlgren Spring 2007

Name ___________________________ Period _______ Date _____________________

Instructions for Poll

? Make sure you are logged in to IPS Online. (For assistance with this, please read

the instructions for “Dream Car Data”.)

? Once again, select this class PRE ALGEBRA 2 from your course list.

? Select “In Touch” at the top of the screen.

? Scroll down to the bottom of the page. You will see a link for Polls.

? Click this link and you will be taken to a screen that allows you to answer several

questions about the project. For each question, select your response and then

click “Submit”. Some questions are on a scale from 1 to 5, where 5 is the best

and 1 is the worst.

the next school year.

At the end of this instruction packet, you will find a grading rubric. This is given to you

so that you will see what I am looking for when grading each project. This is the exact

sheet that I will be using to grade your projects once they are completed and turned in

NO LATER THAN FRIDAY, MAY 11, 2007. For each day that the project is late, a letter grade (10 points) will be taken away from the grade. To receive 5 bonus points for

anyone!)

REMEMBER: Never hesitate to ask questions if you are confused about something!

Have fun!

Mrs. Ahlgren and Ms. Sedam

Bridge Algebra I T. Ahlgren Spring 2007

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