Purpose of the Assignment Upon completion of this assignment, you will be able to: . Identify features of a used vehicle that affect your purchase decision; Identify factors that affect the cost of automobile insurance; Calculate the monthly amount of a car payment; Calculate TDSR and determine whether you qualify for a car loan; and Consider the implications of a vehicle purchase from both a risk management and wealth management perspective. . Plan for your future car purchase! Assume that you have a goal of purchasing a used car after arada management per Plan for your future car purchase! Assume that you have a goal of purchasing a used car after graduation. Completion of this assignment will require research and multiple calculations. 1 Select a used vehicle model year 2018 or older that you are interested in purchasing. While price is important, other factors must also be considered; such as reliability, cost of repair/maintenance, fuel efficiency, and factors which will affect your insurance premiums. a) You must submit a copy of the listing of the vehicle. Each student should have a different chosen vehicle. b) You must also provide a rationale for your choice of vehicle considering the factors listed above and others you consider important. State all of your assumptions in writing, with explanation/justification. c) Please provide evidence of your research and reference your sources. You may also need to do some additional research. (10 marks) Purpose of the Assignment Upon completion of this assignment, you will be able to: . Identify features of a used vehicle that affect your purchase decision; Identify factors that affect the cost of automobile insurance; Calculate the monthly amount of a car payment; Calculate TDSR and determine whether you qualify for a car loan; and Consider the implications of a vehicle purchase from both a risk management and wealth management perspective. . Plan for your future car purchase! Assume that you have a goal of purchasing a used car after arada management per Plan for your future car purchase! Assume that you have a goal of purchasing a used car after graduation. Completion of this assignment will require research and multiple calculations. 1 Select a used vehicle model year 2018 or older that you are interested in purchasing. While price is important, other factors must also be considered; such as reliability, cost of repair/maintenance, fuel efficiency, and factors which will affect your insurance premiums. a) You must submit a copy of the listing of the vehicle. Each student should have a different chosen vehicle. b) You must also provide a rationale for your choice of vehicle considering the factors listed above and others you consider important. State all of your assumptions in writing, with explanation/justification. c) Please provide evidence of your research and reference your sources. You may also need to do some additional research. (10 marks)
