Transportation

Activity 4
Students will investigate the purchase of a vehicle. They should look into buying //or// leasing a vehicle. The monthly car payment will be included after it is set by the car dealership or the bank that is financing the loan for the car. Factors to be considered in buying a vehicle would be the current interest rates on car loans, the cost of a certain vehicle, the reliability of a used vs. new vehicle, taxes on the vehicle purchased, and the impact of the monthly payment on their budget. __Additionally__, the student should determine the property tax associated with their vehicle and include that in their budget.
 * TRANSPORTATION **

***NOTE: The student will assume that they have no vehicle when they leave school. This may not happen in someone’s actual experience; but for the purposes of this project, //__everyone must purchase a vehicle__//. (SOL.GOVT. 15.a, 16, 17)** Requirements **
 * Completed sample loan application from a car dealership/financial institution.
 * Information on current interest rates for car loans.
 * One should also include personal property taxes for your vehicle.

Resources Go to a search engine like Google, ask.com, altavista.com, etc and type in **“Interest Rate Calculator.”** There you will find a number of sites that assist in calculating interest rates for your loans. Kelley Blue Book: [|www.kbb.com] NADA Car buying guide: [|www.nada.com]

Car Dealerships

 * Apple Ford
 * First Team Auto
 * Berglund Toyota
 * Billy Craft Honda
 * Lynchburg Mazda
 * Pinkerton Chevrolet
 * Rick Woodsen Honda
 * Shelor Motor Mile

Loans

 * Auto Loan Calculator

Taxes

 * Bedford County
 * Bedford City