Directions

=**Vehicle Depreciation Project Description** =

You need to choose a vehicle that has been around for 5 or more years. Using a website such as Kelley Blue Book (www.kbb.com), you will determine the Retail Price and the Dealership Trade-In Value for your chosen vehicle for the last several years (5 or more). By including more years, you should obtain a more accurate Exponential Regression Curve.

You will then create a Visual Display that contains the following information in relation to your chosen Vehicle:

1. Some type of Title.

2. A Picture of your Vehicle.

3. The Standard / Optional Equipment associated with your Vehicle.

4. Relevant Information that a consumer might want to know pertaining to your chosen Vehicle.

5. A Table that displays the Retail Value of your chosen Vehicle.

6. A Table that displays the Dealership Trade-In Value of your chosen Vehicle.

7. The Equation of the Exponential Regression Curve that best models your set of data for the Age of the Car (in years) and the Retail Value of the Vehicle.

8. The Equation of the Exponential Regression Curve that best models your set of data for the Age of the Car (in years) and the Dealership Trade-In Value of the Vehicle.

9. A Scatter Plot that illustrates the Retail Value of your chosen Vehicle as a function of time. You should attempt to draw the Best Fit Exponential Regression Curve on your Scatter Plot.

10. A Scatter Plot that illustrates the Dealership Trade-In Value of your chosen Vehicle as a function of time. You should attempt to draw the Best Fit Exponential Regression Curve on your Scatter Plot.

11. The best time to Purchase & then Trade-In this vehicle to optimize the amount of money a person must spend on the vehicle. You should give a rationale for your decision. This decision should be based on the obtained data as well as other factors such as mileage or the Vehicle’s warranty. You need to critically analyze your obtained information when making your decision about the best time to Purchase and then Trade-In your chosen vehicle.