Semester Course - Ms. McRae's Classes - Home



Semester Course9.6 Buying a CarStudent Activity PacketName:In this lesson, you will learn to: Identify the steps they can take to find a car that meets their needs and budget Understand the pros and cons of financing from a bank or credit union vs. from a dealership Explain how the terms of an auto loan impact how much they pay overall for the car they are buying Use negotiating strategies to practice the process of “haggling” for a car ResourcesQuestions1 Discussion PromptsDiscuss these questions with your classmates or with a partner.Estimated time: 5 minsImagine your life as an independent adult, after you’ve graduated from college. Do you have a car? Is the car a need or a want? What kind of car do you envision? If you don’t have a car, how are you getting around instead?2 10 Steps to Finding the Right Car for You this web page to see what steps you can take to find a car that meets your needs. Then, answer the questions. Estimated time: 5 minsSuppose you have just graduated from college and are looking for a reliable used, but nice, car. Which of the items under “Assess Your Needs” would you care most about? Are there additional items not listed that matter to you? What is the rule of thumb for how much you should spend on vehicle expenses per month? What other costs of ownership do you need to factor in when thinking about your vehicle costs? 3Financing or Leasing a CarLet’s say you’ve found the perfect car to buy. Congratulations! However, you probably need to take out an auto loan. Who should you borrow from - a financial institution like a bank or credit union? Or, should you borrow straight from the dealership? Read the section “Should I Use Financing to Buy a Car” of this article to see which option is better for you. Then, answer the questions. Estimated time: 5 minsHow are direct lending and dealer financing similar? Different? Which seems like the better option? Why?4COMPARE: Auto LoansYou’ve chosen a financing option and are now comparing different loan offers. Which one should you choose and why? Follow the directions on the worksheet to complete this activity and to learn more about comparing auto loans.Estimated time: 18 mins 5The Art of the Deal: How to Haggle for a Used CarWhen buying a car, you want to negotiate and get the best deal you can. Watch the video to learn about some of these negotiating strategies. Then answer the questions. Estimated time: 7 minsWhy is it important to “haggle” when negotiating to buy a car?What strategies were most effective during the “haggling” process? Why do you think they were effective?Do you think that you could successfully negotiate a fair price for a car? If yes, why? If no, what could you do to help prepare yourself?6Exit TicketEstimated time: 5 mins“Some cars may be cheaper to buy but more expensive to own.” Explain how this can happen. How does financing from a bank or credit union differ from financing from a dealership? Identify one strategy someone can use to negotiate the price of their car. ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download