LESSON+B

Goals Content Standards: > ISTE NETS-S
 * Lesson Title: Financing A Car || Related Lessons: Debt management ||
 * Grade Level: 9th || Unit: Credit ||
 * Standard 1: Identify the costs and benefits of various types of credit.
 * Standard 3: Describe ways to avoid or correct debt problems.
 * Standard 4: Apply consumer skills to purchase decisions.
 * Creativity and Innovation
 * Communication and Collaboration
 * Research and Information Fluency
 * Critical Thinking, Problem Solving, and Decision Making

Instructional Objective(s):

Action
 * Compare different variables, which affect the cost of a loan.
 * Compare loan/finance agreements for automobiles.
 * Understand how to calculate the cost of an automobile loan using automobile loan calculators on the Internet.

Before Class Preparation: Create a PowerPoint that describes the variable of automobile loan. Students will be in groups of four based on interest, for example, the type of car they are interested in purchasing such as sports car, trucks, luxury, etc. Each group member will be required to complete a group charter before and after completing the project.

Internet Resources: YouTube: Buying A Car [] [|www.bankrate.com/brm/calculators/autos.asp] [] [] [] [] []

Problem Scenario: I would like to borrow money to buy a $25,000 car. I have about $3,000 right now. I have a full-time job and no existing debt. My salary will allow me to make car payments each month, but I would like to pay more than the monthly minimum to cut down on the interest charges. Monitor

The teacher will be mobile throughout the PowerPoint presentation and group assignment. Students will be required to complete the first part of their team/group charter before the end of the class period. Students will also be required to collaborate through Google Drive.

Accommodations: The PowerPoint does include audio. If needed, the PowerPoint can be printed out for use. Students will also have the option to have another student assist them as they navigate through multiple websites.

During Class Computer Whiteboard YouTube || Computer Whiteboard YouTube || Computer Whiteboard Internet [] || Lesson Reflection and Notes Students will be able to learn the process of financing a car.
 * ** Time ** || ** Instructional Activities ** || ** Materials and Resources ** ||
 * 15 minutes || The class will be presented with a problem scenario. The class will then view a clip from a TV show that shows a father and son negotiating with a car salesman about the price of a car. || Projector
 * 10 minutes || Students will view a PowerPoint and take Cornell notes. Students will then refer back to the problem scenario and offer a solution. || Projector
 * 35 minutes || Students will work in groups of four to search for an automobile and auto loan online. First, each group member must complete the first part of the team charter. Then, each group member will choose a car of their liking, determine the estimated costs, and record their findings. As a group, members will be required to complete a PowerPoint that details the cars that were chosen, the estimated prices, and the recommended automobile loan. Students will also use financial calculators that are provided online to determine the costs of automobiles. Students will be responsible for providing a thorough explanation as to why the group chose the auto loan. The final product will be delivered in a PowerPoint presentation. || Projector