17
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.
Visuals & Activities
There are no visuals or activies for this lesson.
Concepts
- Annual Percentage Rate (APR)
- Credit
Standards in Economics and Personal Finance
View the standards that correlate to this lesson:
Related Lessons
Reviews
Have you used this lesson? Please submit a review.