Which Car Loan? (draft)

In this activity students will get a brief introduction into the nature of car loans. They will have the opportunity to explore different loan scenarios within the context of buying a specific used car. They will examine the different costs of borrowing given different interest rates or loan lengths. The idea is to have a discussion about how loan interest works and how sometimes you may be willing to pay more for a loan if you have smaller payments. Prerequisite skills include being able to calculate the total cost of something including tax.

By David Petro