The Real Cost Of Cars (Stage 5, Stage 6, TAFE Students)
Saving up to buy a car – Great!
Now, can you afford the running costs too?
So, how much does buying and running a car really cost?
Take this challenge and find out.
ACTIVITY OUTLINE:
Kai’s family are thinking about buying another car. The car they have now is nearing the end of its life and is not so reliable. It’s been a long time since they bought their last family car and they would like to purchase a reliable car, perhaps even a new one. There are a lot of choices when it comes to buying a car, and Kai wants to play a part in the decision-making process!
To help with this big decision, Kai will need to:
- understand the real costs of owning cars
- learn about savings goals and budgets
- evaluate the options and make an informed recommendation
You’ll use the interactive, digital calculators in this challenge to figure out what it really costs to own a car. Then you’ll calculate a savings plan for Kai to help him reach his goal. Finally, You’ll need to write a convincing argument that will persuade Kai to choose the right car for the needs of his family.
IS THIS A FREE EVENT? Yes
BROUGHT TO YOU BY: Financial Literacy Challenge
Event Details
Event Type
On Demand (available until: 31-Dec-2025 11:30PM)
Delivery Platform
Duration
Price
FREE
Curriculum
Secondary
Syllabus Outcomes
N4-3B uses and describes language forms, features and structures of texts appropriate to a range of purposes, audiences and contexts. MA4-2WM Applies appropriate mathematical techniques to solve problems
Main KLA, Strand, Sub Strand
English
Other KLAs
Maths
Learning Intentions & Success Criteria
This topic is about the costs associated with car ownership. It will help young people:
- understand that cost of ownership is more than just the purchase price, for example the ongoing costs of insurance
- develop skills in planning for purchases and big ticket items such as cars.
- calculate the real cost of ownership for a car, and the importance of setting aside money to meet the costs.
Will This Event Be Recorded?
No
Joining The Event
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Technology and Materials Requirements
All you’ll need to complete this challenge, is a device with reliable internet.