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Car PowerPoint

Transcript: Introduction to Cars History of Automobiles Types of Vehicles The first automobile was created in the late 19th century, with Karl Benz's 1886 Motorwagen being recognized as the world's first true car. The automobile revolutionized personal transportation, leading to mass production innovations such as Henry Ford's assembly line in the early 20th century. Key Components of Cars Vehicles can be broadly categorized into several types: passenger cars, trucks, SUVs, motorcycles, and electric vehicles. Each type serves different purposes and consumer needs, from personal transport to commercial usage, and has distinct features associated with performance and capacity. Evolution of Car Design A typical car comprises several essential components, including the engine, transmission, brakes, and suspension system. Each part plays a crucial role in ensuring the vehicle operates efficiently, safely, and reliably, influencing performance and comfort for the driver and passengers. Car design has undergone significant transformation to enhance not only aesthetics but also functionality and safety. From the streamlined designs of the 1920s to modern electric vehicles focusing on aerodynamics and minimalism, aesthetic considerations now blend seamlessly with technological advancements. Car PowerPoint Market Trends Current Automotive Market Overview The global automotive market reached $3 trillion in 2021 and continues to grow. Key factors include innovations in vehicle technology and a shift towards electric models, influencing market dynamics and competition. Consumer Preferences Shifts in consumer preferences indicate a growing appetite for electric vehicles and smart features. In 2022, over 30% of buyers expressed interest in eco-friendly cars, highlighting a significant market transition. Emerging Technologies Technologies like AI, IoT, and advanced materials are revolutionizing the automotive sector. Integrating these technologies enhances driving safety, fuel efficiency, and overall performance, facilitating future innovations. Impact of Sustainability Sustainability is a crucial focus for the automotive industry, with regulations pushing for zero-emission vehicles. Major car manufacturers are committing to carbon neutrality goals, reshaping production and operational strategies. An In-Depth Look into Automotive Technology and Trends Future of the Automotive Industry Innovations in Car Technology Legislative Changes Governments worldwide are implementing stricter emissions regulations and promoting EV adoption through incentives. Legislative shifts are compelling manufacturers to innovate and prioritize sustainability in vehicle production. Advancements in electric vehicles (EVs) and battery technology are leading the charge toward sustainable transport. The integration of AI and machine learning is enhancing driving experiences, making vehicles smarter and more efficient. Predictions for 2030 and Beyond Changing Transportation Models By 2030, it's expected that a majority of vehicles sold will be electric. Innovations such as autonomous vehicles and smart city technology will redefine how people interact with transportation. The rise of ride-sharing platforms and micro-mobility options is reshaping personal transport. Urban areas are seeing a shift toward public transport and multi-modal solutions, reducing reliance on personal vehicles. Automotive Technology Fuel Efficiency Electric and Hybrid Vehicles Engine Types Autonomous Driving Fuel efficiency is a key metric for evaluating vehicle performance, measured as miles per gallon (MPG). Advances in technology, including turbocharging and lightweight materials, significantly enhance fuel economy, contributing to reduced emissions and operational costs. The automotive industry primarily utilizes three engine types: Internal Combustion Engines (ICE), Electric Motors, and Hybrid Systems. Each presents distinct advantages in performance, emissions, and efficiency, shaping perspectives on future vehicle design. Electric and hybrid vehicles represent a transformative shift in automotive technology, focusing on reducing reliance on fossil fuels. As of 2021, global sales of electric vehicles surpassed 6.5 million units, demonstrating growing consumer acceptance and investment in sustainable transport. Autonomous driving technology aims to enhance safety and convenience, using sensors and AI algorithms. As of 2022, several manufacturers have developed semi-autonomous features, yet fully autonomous vehicles are still undergoing rigorous testing and regulatory evaluation.

Car PowerPoint

Transcript: So many choices! What are all of these rates? MSRP Invoice/Dealer Cost Gas Options to consider: Create a budget Does the rate really make a difference? Step 2 – Now that you know your budget, it’s time to consider what car fits into it! First time Auto Buyer Principal – The price of the car you are purchasing. Interest – The percentage of the loan that you pay for being provided a loan. Term – The amount of time you have to pay back your loan. I’m buying my first car! Where do I start? Current gas prices- $4.02 per gallon Average gas mileage is 25 mpg. A trip to Seattle and back will cost you $48.25 just in gas! Often one year old cars are 20%-30% cheaper Higher insurance fees, higher DMV fees Some may still be under the factory warranty- More reliable than they’ve ever been Certified used cars History of a car can be easily traced sometimes, but not always. Negotiate First, see what you can afford Be sure to consider all expenses Pick the right car for you Preapprove and prequalify before you buy Explore your financing options Buy the car at the right price How does the term affect my payments? Invoice- Includes dealer cost, and will often include the same information as the MSRP. Budget Example Prequalify and Preapprove I’m preapproved! Step 3 – How are you going to pay for it? Pay Cash Finance Buying a New Car Prime- The lowest rate that money can be borrowed commercially Fixed- An amount that will not change, no matter if prime goes up or down Variable-The interest amount can change, depending on what prime is Step 4 – know what your car is worth Buying a Used Car Average price for car insurance for teenagers is $1200.00 per year Financed Vehicles must have full coverage Possible discounts What makes up my payment? Financing or paying cash? Include all of your expenses Be realistic Consider additional costs Car maintenance averages $65 a month Some months you may pay nothing, and others you may pay hundreds What is the car’s value? “By failing to prepare, you are preparing to fail” -Benjamin Franklin Are you able to make the monthly payments? Have you been employed for 6 months or more? Do you have credit history? How many other loans do you have? Payment history, available credit, credit history, mix of credit Level of debt- 35% Cosigner? Down payment? Key points to remember: Step 1 – See what you can afford Have never purchased a car before Often have little to no credit Are often considered a “risky” lender What kind of car should I get? I found a great car for me, now what? MSRP-Manufacturers suggested retail price; the suggested price of the car. Remember, it is a SUGGESTED retailers price, you should not expect to pay it GAP Insurance -When your car is totaled, and the value of your car is less than the insurance covers Extended Warranty For example, if you find a car for $15,000 and finance it with an interest rate of 6% fixed.... Insurance Why does the term matter so much? Maintenance Watch out for rebates and incentives Look on KBB for fair market value Negotiate for the lowest price Read everything before you buy Inspect your car before you drive it off the lot How does the term affect my total cost? I know what I can afford, now what? How many passengers? How often and how far will you be driving? What fits into my budget? Used or New? www.kbb.com Can help you find the value of your car Have your own mechanic check it out

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