Students research an automobile to purchase based upon a given scenario and loan variables. They perform research, compare three vehicles, determine which vehicle to purchase, and evaluate the decision in a research project based upon the steps of planned buying.

Cross-curricular keywords: Math, Economics, Decision-making, Role of price

Lesson Objectives

  • Assess comprehension of spending concepts introduced in Credit Reports and Scores, Credit Basics, Understanding Credit Cards, Protecting Yourself from Fraud, Types of Insurance, Smart Consumer Spending and Major Expenditures: Housing, Transportation and Food.
  • Apply the planned buying process to purchase an automobile
  • Evaluate terms of automobile loans
  • Identify how an automobile purchase is related several areas of spending including insurance, credit and fraud

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