Education Technology

Buying a Car

Activity Overview

Students will explore various financial aspects of buying a car including calculating interest rates, payments, and total cost of the car over time.

Before the Activity

From truck stops and other locations collect several free car for sale magazines

During the Activity

Use TI-Navigator to first check students correct input using the Finance app and then to collect information on car payments and interest rates that the students investigate

After the Activity

Discuss the actual cost of the car including interest costs. Discuss other costs that will need to be considered in owning a car (insurance, maintenance, gas, etc.) Possibly extend the activity to a project on the projected total cost of owning the car over a 1 year period.