AO - Auto Costs Lesson

Auto Costs

Introduction

You bought your first car! Excellent! Now, it’s time to figure out and calculate the costs that go along with owning a car. Wait, what? There’s MORE costs that go into owning a car?

After you fill up on gas your first time, you’ll probably realize that there are a lot of extra expenses that you should be aware of and prepared for. Gas is definitely the biggest and most frequent expenditure when owning a vehicle. Let’s take a look at the fuel economy and efficiency of automobiles as well as some other important car-owner issues like depreciation. 

Fuel Efficiency

In Your Notebook: Please take down important notes, such as formulas, and attempt the practice examples on your own before viewing the solutions!

Purchasing gas for your vehicle may be the highest variable cost of owning a car. Since it’s a variable cost, we want to make sure we are doing everything we can to keep this cost low. Fuel efficiency is getting the most mileage possible out of your gas purchase! Take a look at the following two case studies on fuel economy and efficiency. 

 

In Your Notebook: Please take down important notes, such as formulas, and attempt the practice examples on your own before viewing the solutions!

Depreciation

A car loses its value over time due to normal wear and tear. If you buy your car for one price, chances are you won’t be able to sell it for that same price even if it’s only a year later! The loss in value is called depreciation. Click on the following titles to see the different ways your car may depreciate.

 

 

 

Use the arrow in the bottom right to advance the slide on the following activity.

 

Factors that Affect Your Fuel Efficiency

Watch the video to learn about 5 factors that could affect your fuel consumption and efficiency!

 

The Road to Fuel Efficiency

View the infographic to see how fuel efficiency has increased over the years!

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