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.

Concepts

buying a car, financial literacy, interest

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Additional Tags

buying a car, contract, personal finance, financial literacy, interest, financing, social studies

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Instructional Ideas

• Consider bringing in a parent or guest speaker to discuss their real-world experiences with buying a car

Pros

• Exposes learners to key terms they are sure to encounter in the process of buying a car

Cons

• Does not review concept of MSRP, invoice price, and conducting negotiations

Common Core

SL.11-12.1.a RH.11-12.2 RH.11-12.4