How Cars Keep You Poor

New Review

A new car sounds enticing, but it's actually a horrible investment. Future consumers learn how quickly new cars depreciate in value (10 percent as you drive it off the lot). An informative video from the Two Cent series also lists some suggestions for how to buy a car economically.

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Instructional Ideas

  • Have viewers research car prices
Classroom Considerations

  • Pupils should have some familiarity with compound interest
  • An understanding of depreciation is a plus
Pros

  • Interesting animations hold viewers' interest
  • Thorough explanations make the material easy to understand
Cons

  • None