Wheeling and Dealing
Wheeling and Dealing: Buying My First Vehicle!
Adapted from an ERLC Resource for Math 20-4 by Katy Wilson and Terra Kaliszuk, Black Gold Regional Schools.
Questions or comments about this resource? Contact terra.kaliszuk@blackgold.ca
This project builds financial literacy as students explore interest rates and financing terms to compare a new and used vehicle purchase of their choice.
Students explore the true cost of vehicle ownership by calculating and comparing vehicle purchase prices and purchase price including interest. Students then select a vehicle for purchase and justify their selection using evidence from their research and calculations.
Vehicle Financing Web Sites:
CIBC Personal Car Loan Scotia Bank: Auto financing and leasing.
TDCanada Trust: Payment Advantage Auto Loan.
National Bank of Canada: To buy or lease, that is the question!