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.
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.
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...
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...
Council for Economic Education
Calculating Simple Interest
How much is owed? A calculated resource introduces the simple interest formula with a video that describes how to use it. Classmates then show what they know by answering questions within a simple interest worksheet.
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.
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.
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...
Federal Reserve Bank
Financial Literacy Infographic Scavenger Hunt
A lesson in personal finance can be the most valuable part of a high school education. Connect the basics of banking with informational reading skills in a lesson that prompts teenagers to answer a series of questions based on an array...
Curated OER
Carshop!
Students explore the concept of interest. In 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
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
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.
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
Cars: Math, Research, Economics, Loans
Students investigate what the purchasing of a car entails. They explore car criteria and financing options.
Curated OER
VAROOOOOOMMMMMMMMMMMM!!!!!!!!!!!!!
Pupils simulate purchasing a car. They use various search engines on the Internet to research the car purchase. Students investigate types of cars, trade in value, insurance costs, interest rates and monthly costs.
Curated OER
PayCheck Advance Loans
High schoolers discuss the role of a paycheck advance loan company. Using data given to them, they calculate interest rates on the amount of advance they receive and identify the penalties of not repaying the loan on time. They record...
Curated OER
Calculating Interest
Students solve interest problems for bank accounts and loans to gain real life experience. They also review newspapers and find a car they wish to purchase then are given a rate and time of loan.
Curated OER
Buying vs. Leasing Car
Learners use the Internet and worksheets to calculate the costs, advantages and disadvantages to buying or leasing a car. They write a summary of their investigation and decide which option they think is better.
Curated OER
ABC's Of Figuring Interest
Students participate in a lesson of figuring interest. This is done in order to strengthen number calculation skills while computing the interest when buying different things. This done in conjunction with using credit to make purchases...
Federal Reserve Bank
Purchasing a Vehicle
Start your engines! Prevent negative car buying experiences by arming pupils with information. Prepare your young drivers to make informed decisions when they are ready to purchase a car. All aspects are considered from the type of car...
Curated OER
Buy or Lease an Automobile
Students gather information on 3 new cars they would like to buy or lease, and use mathematical comparisons to decide whether to buy or lease the car.
Curated OER
Making Money Work For You
Students differentiate between saving and investing money. In this algebra instructional activity, students compare different investment options, recognizing the risks and rewards of investing and integrate investing into their financial...