BUSI 223 Application Based Activity Buying a Motor Vehicle solutions complete answers
Jamie Lee Buys a Car
Car Shopping on a Budget
Activity Description
In this activity, you will help Jamie Lee with purchasing a motor vehicle. Jamie Lee recently moved to a new home with a longer commute. She has decided that it's time to buy a car to help her commute to school and work.
The estimated time to complete the activity is 15-30 minutes. You should start when you have enough time to critically think through the scenario. However, if you need to exit the activity before completion, you will return to where you left off when you re-enter.
Learning Objectives
After completing the activity, you will be able to:
· LO 1 Assess strategies for effective consumer buying
· LO 2 Identify vehicle purchasing best practices
· LO 3 Understand common vehicle purchasing terminology
Evaluation and Scoring
You will be asked to respond to a variety of questions as you complete the activity, and your responses may impact both your score and what happens next.
You will not have the ability to go back and change your answer, so consider each answer option carefully.
Scoring is calculated as follows:
1. Points are received based on the answer you select for each question, and questions are tied to multiple scoring categories associated with the learning objectives.
2. Your scores for each category are based on the total number of points you earn for the associated questions.
3. You will receive one final activity score at the end of the activity that combines your results from each category.
Your instructor has assigned a total point value for this assignment. Your assignment grade is calculated based on the final percentage score you earn at the end of the activity.
What are some of the pros of each?
What’s considered an excellent credit score?
An excellent credit score is a score above:
What are the advantages and disadvantages to leasing a vehicle?
If Jamie Lee does not want to pay more than $275/month and is unwilling to take a loan for more than 5 years, what is the maximum she is willing to pay for a car?
What typically differentiates a certified pre-owned car from other “pre-owned” cars?
What is a great best practice when shopping for used vehicles?
What piece of information is missing in Bob’s answer?
What is the total cost of the car? (assume the above price already includes all taxes and dealer fees)
