« Back to Previous Page
0
0

I’ve always thought of leasing a car as a bad idea but it is more common now then ever before. How do you teach this?

Marked as spam
Posted by jholmquist
Asked on December 22, 2015 5:21 am
40 views
0
Private answer

I have students calculate the cost over X years for buying and leasing so that they can have a long-term comparison.

I’ve also had them use this calculator before:
http://www.learner.org/interactives/dailymath/car/carpg2.html

Marked as spam
Posted by mrsprester
Answered on December 22, 2015 7:42 am
0
Private answer

I teach this with an example—otherwise it’s all blah,blah, blah. Try this one- it also has a good review of opportunity cost.
It is fun for students to understand exactly how much a \"dream\" car would be, and how they can be happy with a regular person car. http://www.marketwatch.com/tools/carleaseorbuy

Marked as spam
Posted by andapanda15
Answered on January 11, 2016 2:50 pm
0
Private answer

SHAMELESS PLUG for my awesome new Types of Credit unit. I just created an entire lesson on Auto Loans & Leases (lesson 3.5 here: http://nextgenpersonalfinance.org/curriculum/types-of-credit-lessons/).

I’d recommend checking out the whole lesson, but some highlights:

1. Auto Loan vs Leases video (length 4:40): https://vimeo.com/16945480
2. Select the Right Auto Financing activity that compares 3 financed cars and 2 leased cars using real online offers; includes students using a spreadsheet and an online calculator: https://docs.google.com/document/d/1ao_GNw_HOI6rgnv45eWsFVrt0c-zmsRzvlxZL1B4bxg/edit?usp=sharing

Marked as spam
Posted by Jessica Endlich
Answered on February 1, 2016 11:05 pm
« Back to Previous Page