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Buying and Leasing a Car Simulation Activity

Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Buying and Leasing a Car Simulation Activity
Grade Levels
Product Rating
4.0
4 ratings
File Type

Compressed Zip File

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22 MB|33 pages
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Product Description
This product gives students a simulation experience of buying and leasing a vehicle. They have to choose from 4 different vehicle options. Based on their choice of vehicle, they will fill out the student packet, which includes researching costs of buying, leasing, warranty information, mileage limits, and filling out a loan/lease contract.

*Students will calculate Down Payment (5% of Invoice Price) and Taxes and Fees (5.5% of Invoice Price), and then use that information to calculate the loan amount.
*Students will use an online loan calculator (links included) to calculate the monthly payment on their loan.
*Then students will learn about depreciation and use an online depreciation tool to see how much the value of their car will decrease.
*Then they will use an online lease calculator to determine their monthly payment.
*Next students will use another website to take a look at warranty information for different car brands.
*They will also learn about and calculate mileage limits and mileage fees for overages.
*Finally students will decide if they would rather buy or lease the car they chose, and then fill out the corresponding application.

This purchase includes:
*A PDF file with detailed instructions, a student packet (including links to websites students will need), and answer keys for all 4 car choices.
*An editable Word document (that can be emailed to students) with all the links they will need.
*A folder of screenshots that show what the different online tools/calculators will look like when used properly.

This activity is perfect for a consumer math class, transition, life skills, or financial literacy class.

Please download the Preview file for more information.
**NOTE** Internet access is required for this activity.

Looking for similar products???
Check out this Credit Card Simulation or this Credit Score INB Activity!
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Total Pages
33 pages
Answer Key
Included
Teaching Duration
90 minutes
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