Day 49.5

Lesson Objectives

  • Apply systematic decision making to identify the most cost-effective option for purchasing a car.

Assignment CU4.2.1

  1. Watch Video 4.2.1
  2. Discussion Questions:
    1. How does having a car payment stand in the way of building wealth?
    2. Besides payments, describe two additional ways you lose when buying a new car.
  3. Watch Video 4.2.2
  4. As you watch the video, record the missing words from page 84 of the textbook as they pop up on the left side of the video screen by filling in this form.  (page 84) .
  5. Discussion Questions:
    1. What does it mean to be upside down on a credit purchase?
    2. What are some of the myths regarding car leasing?

Assignment CU4.2.2

  1. How much value do you lose on the purchase of a new automobile? Is it the same for each one? Find out how much you will lose in a five-year cycle. Choose a new car to research. Find the “true cost to own” using ​​​​​Edmunds true cost to own calculator.
  2. Make a copy of this Google Sheet and titled it Cost of Ownership-(Your Initials).
  3. Complete the assigned tasks in this document.