My First Car

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Title: My First Car

1
My First Car

2
Group Responsibilities

3
DMV Expert Role

Address, phone number and hours of your local DMV
office
Purchase specialized plates plate type, initial
cost, annual renewal fee, availability,
application
Steps/requirements for getting your provisional
drivers permit and license (under 18).
Restrictions in the first year of having your
license
What cars are exempt from smog certification? Who
is responsible for smog inspection when a (used)
car is for sale?
What fees are due when buying a vehicle?
Calculate all but the registration (VLF) fee

4
Insurance Expert Role

How much (required minimum) insurance must you
have in the state of California?
How much insurance do you have at home?
How much insurance is RECOMMENDED?
Find quotes from 2 competing firms for insurance
on your car using the minimum requirements given
by state of California and as listed on
assignment worksheet.
Indicate how often (yearly, monthly, twice per
year) premiums are paid and what is the annual
cost?
Which company would you choose and top 3 reasons
why?

5
Finance Expert Role

What car are you buying? Where was it found?
Cost and main features (why choose this car?)
Kelly Bluebook Value for Retail and
Wholesale/Private Party values on your car in
good condition
Get auto loan rates from 2 sources (go to online
banking websites or newspapers, and look for auto
financing or loan rates) and compare information
for 3, 4, 5 and 6 year loans recording the
interest rate (APR), term, monthly payment, total
of all payments, interest paid (cost of loan) for
each source
Choose a loan and state your top 3 reasons for
your choice

6
Project Products