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Cost of Vehicle Ownership

Context: Background People often look at the cost of the vehicle as the only cost they need to account for. However, there are many additional costs that are required to be covered when you own a vehicle. Many of these costs are unknown!

Design Brief: To determine the true-cost of vehicle ownership.

Possible Solutions: List as many possible solutions as you can think of.

Design Constraints: The following are some constraints or limitations for this project:

  1. You will work individually for this project.
  2. All safety rules must be followed.
  3. The project will be typed and have a cover page. You can share it via Google Drive.
  4. You have a total budget of $4,500.00 for the initial purchase and the first month.
  5. For subsequent months and after your other expenses, you have $500 left over per month for the next year to cover vehicle expenses.
  6. You will need to find a vehicle that is within your budget.
  7. The vehicle needs to have a safety check, determine the cost of a safety check.
  8. Problems for each month will be drawn to determine your monthly expenses on your vehicle.
  9. Licencing and registration fees need to be covered.
  10. Day-to-day gas cost will be $60 per month (ensure to cover this for your first month too).
  11. Insurance costs will need to be calculated. Pretend your age is 19 for insurance purposes; and assume you drive 20,000km per year.
  12. You will need to purchase Winter Tires.
  13. Your car will need one yearly tune-up including all filters and fluids, lubrication, and ‘checks’.
  14. Pretend you have taken driver's education (determine insurance costs with and without this)
  15. You are single. Use your correct gender. You have no claims (well, you better not have any!!!).
  16. Determine if you can afford to own a vehicle for a year.

Detail Design: The following are the steps to follow for making the race car:

  1. List all of your expenses on a per month basis, using Google Sheets.
  2. Show a total yearly summary of costs on your Google Sheet.
  3. Submit your report electronically by sharing your Google Sheet and Google Doc files with me.

Materials: List all tools and materials used.

Commissioning: Were you successful in this project when you tried it out? Yes or No?

Evaluation: Did this project work as you expected it to?

Reflection: Did you enjoy this project? What were you most proud of? What would you do differently next time? Explain the major skills and tools learned.

Subpages (1): Vehicle Problems