Federal Reserve Bank
The Car Deal Package
Buying a car is no easy task, and can have major long-term consequences if done without proper financial knowledge. Ensure your learners are prepared with the information and criteria for comparing different car deals and signing contracts.
EngageNY
Buying a Car
Future car owners use geometric sums to calculate payments for a car loan in the 31st installment of a 35-part module. These same concepts provide the basis for calculating annuity payments.
Federal Reserve Bank
So How Much Are You Really Paying for that Loan?
Loans are rarely provided without a cost. Pupils evaluate the high cost of using a payday loan or payday advance through discussion and worksheets, and finally work in groups to develop short public service announcements that outline the...
Visa
Road Rules: Researching and Buying a Car
How do the loan principal, interest rate, and term all factor into a monthly car payment? Introduce your class to some of the key steps and considerations of obtaining a loan and purchasing a car.
Sierra College
"Deals on Wheels!" Car Loan Project
Help your class members learn how to use their income wisely with a comprehensive lesson plan on calculating monthly car payments. Using basic math skills and online calculators, your learners will determine the total amount to be...
Visa
Cars and Loans
What's the best way to pay for a car? Should I buy used or new? Can I realistically afford a car? Pupils discover the ins and outs of buying a car, from how to shop for car insurance to the advantages and disadvantages of leasing.
ProCon
Student Loan Debt
Should college loan debt be easier to discharge in bankruptcy? Scholars sort through the top three pros and cons to decide for themselves in preparation for a class debate or discussion. Learners may also participate in an online poll to...
Curated OER
Buying a Car
Eighth graders create spreadsheets to calculate payments. They create a list of items they would like to purchase that require monthly payments. They simulate buying a car and create a spreadsheet to determine the amount of the monthly...
Practical Money Skills
Cars and Loans
Most teenagers want to buy a car, but do they know how much it really costs? Calculate the cost of purchasing a car, securing auto insurance, and maintaining the new investment with a thorough and engaging personal finance lesson.
SaveandInvest.org
The True Cost of Owning a Car
Almost every teen wants a car, but can they really afford one? The lesson plan walks pupils through how to identify a budget, find all of the costs associated with car ownership, and determine if they should buy the car or keep looking.
Practical Money Skills
Student Loans
If your learners are college bound, they'll need a lesson about student loans and personal finance before they step into their dorm room. A four-day lesson guides high schoolers through the process of budgeting for college, as well as...
Radford University
Buying A Car
What is my monthly payment? Scholars research to find the perfect car for them to buy. Using the cost of the car, they determine a down payment and the amount of monthly payments using a zero interest loan. Finally, they investigate what...
Curated OER
Life Skills for Vocational Success: Transportation, Owning a Car; Topic 2: Financing a Car
Discuss various places to obtain a loan. Your class will determine the principal, interest, and terms of a loan. They will also compute the monthly payments of loans, including the interest. They contact three lending institutions to...
Curated OER
How Much Does That Car Cost?
Young scholars calculate how much it costs to buy a used car and finance it through a bank. They select a car from the newspaper, conduct Internet research on current auto loan interest information for four different states, and create...
Curated OER
Life Skills for Vocational Success: Transportation, Owning a Car, Topic 1: Purchasing a Car
Discuss things to consider when purchasing a car with high schoolers. They will use newspaper ads to locate a car in their price range. Then they use a "Loan Calculation Chart" to estimate monthly payments of their car. In the end, they...
Curated OER
Field Trip to Car Dealer
Young scholars explore how car dealership works. In this social studies lesson, students discuss the things to consider before buying a car. They write and share what they have learned in the field trip.
Curated OER
Calculating A Car Payment
Students choose a car from an Internet used car dealer and then calculate their monthly payment. All the necessary resources and formulas are provided. This is a simple, but practical and effective, lesson for a math or life skills class.
Curated OER
Deals on Wheels!
Students calculate monthly car payments using different rates of interest. They calculate the maximum amount that can be financed/borrowed given a preset estimated/budgeted monthly payment and determine how limited resources cause people...
Curated OER
"The Roadmap To Purchasing My First New Car"
Students examine the decision-making process of purchasing a car. They conduct Internet research, determine a monthly car payment based on loan information, e-mail various online car websites, research insurance, and determine the best...
EngageNY
Buying a House
There's no place like home. Future home owners investigate the cost of buying a house in the 33rd installment of a 35-part module. They come to realize that the calculations are simply a variation of previous formulas involving car loans...
Radford University
Surviving the Month
Pupils create budgets based upon family expenditures. They determine what the monthly payments will be for buying a car and a house based on compound interest for the total amount.
Curated OER
Who Wants to Spend $20,000?
Who wouldn't want $20,000 to spend? But, the question becomes, what do you spend it on? Learners discuss loans, interest, and making adult-like financial decisions. They role-play a scenario that depicts the choices of a girl who took...
Curated OER
Carshop!
Students explore the concept of interest. For this interest lesson, students shop for cars and determine the payments and interest rates for various cars. Students use various websites to research cars and interest rates for car loans....
Curated OER
Houses and Cars and Loans
Young scholars create a spreadsheet to track their spending. In this algebra lesson, students use loan formulas to calculate the payback amount plus interest on a loan. They calculate how much money they would need to buy a car and house.