Theme 4 Lesson 17:
Shopping for an Auto Loan

Wise consumers shop for credit just as they might shop for a car or a computer. In this lesson, to begin learning the skills needed in shopping for credit, the students fill out a credit-comparison chart for a hypothetical auto loan. Then, using the same techniques, they shop online for a loan. Finally, they compare the cost of the same loan at various local lending institutions. In the course of these inquiries, they also take account of costs of automobile ownership over and above the purchase price and credit cost.

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  • Annual Percentage Rate (APR)
  • Credit

Standards in Economics and Personal Finance

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