08 May ARE THERE ANY ACTIONS YOU CAN TAKE TO REDUCE YOUR PREMIUMS?
Car Buying Assignment In this assignment we will learn how to buy a car and figure out whether it is priced at or below market value. First you need to decide on your budget which is the maximum you can spend on a car and that maximum number should take into consideration price tax registration and fixing if needed. (5 points) Second go to a web site such as cars.com and search for a car in within your budget constraint. (5 points) Third go to a web site such as the one for the Kelly Blue Book and find out whether the car is at market value overpriced or underpriced. Finally write a two page paper discussing your findings and issues to explain or discuss: • Explain your choice. Why did you select the car that you identified? What are three different prices the Kelly Blue Book provides? (10 points) • Based on Kelly Blue Book prices is the car over or underpriced? (5 points) • Did you have any surprises prior experience feedback thoughts and so on? (5 points) • Referring to the car that you selected discuss the insurance decisions you will need to make. What type of coverage will you need? What is the minimum amount of coverage you will need (based on your state of residence) and what amount of coverage would you actually like to have? Are there any actions you can take to reduce your premiums? Address these questions taking into account your current budget and financial status. (10 points) Also: Spelling/Grammar (5 points) References – (5 points) Total = 50 Points Deliverable Points Establish a Budget/Maximum Expenditure 5 Identify a Car Within Budget 5 Explain Choice/Compare Prices 10 Pricing Assessment 5 Discussion/Feedback on Results 5 Insurance Review Discussion 10 References 5 Spelling/Grammar Standards Followed 5 TOTAL 50
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