This lesson takes learners through the process of buying a car. A great real-life application that helps introduce students to all of the nuances associated with purchasing a car, such as interest rates, loan applications, and amortization.

This page, provided by a law firm, gives Federal Trade Commission warnings on advertised low-interest rates and questions to consider before signing for a low-interest rate.

Students will investigate unforeseen costs of car loans and/or house loans. They will then evaluate the economics of decision making, the ramifications of their choices, and options available to them. Students will compute costs and...