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How much value do you lose on the purchase of a new automobile? Is it the same for each one? Find out how much you will lose in a five-year cycle. Choose a new car to research. Find the "true cost to own" using an online search engine.
'st five ye Get the costs for each year of the fi.rst p in the ft vears of ownership
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Make a chart showing the True Cost of Ownership in each category for the new vehicle. Next, get L.u 6sL the information on the same make, but on atwo-years-older model. Make anew chart rrrrr" i"i..

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CHAPTER 4

Foundations in Personat Finance High Schoot Edition