Road Rules: Researching and Buying a Car

This Road Rules: Researching and Buying a Car lesson plan also includes:

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.

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CCSS: Adaptable
Instructional Ideas

  • Task students with asking friends and family members about their experiences buying a car, particularly with regard to the loan process and other purchase options (i.e. buying a used car, leasing, etc.)
  • For a more hands-on and relevant learning experience, have pupils research current car advertisements and loan policies
Classroom Considerations

  • This is the third lesson in a series of 22 on developing financial literacy and money management skills for young adults
  • Will require some basic math work for calculating the effect of interest rates, down payments, and term
Pros

  • All worksheets included
  • Organized sequence of activity steps
Cons

  • None