There are so many things to consider when trying to make a car-buying decision. We have some great tools to help you make that decision. First of all, you can read the Tampa Bay Times article above Good Driver Poor Credit to find out what things can drive your costs up. Then, learn about auto insurance from the Federal Reserve No Frills Money Skills videos and use the EconEdLink car shopper app for iPhone or Android.
Search for some cars using the Tampa Bay Times Cars search engine. Once you have picked your top four cars, use the excel spread sheet below to input your own data and make a comparison. What are the costs and benefits of the different choices? For more information on buying cars, read the Tampa Bay Times article.
SS.8.FL.2.2 Analyze a source’s incentives in providing information about a good or service, and how a consumer can better assess the quality and usefulness of the information.
SS.8.FL.2.4 Examine choosing a payment method, by weighing the costs and benefits of the different payment options.
SS.912.FL.2.5: Discuss ways people incur costs and realize benefits when searching for information related to their purchases of goods and services and describe how the amount of information people should gather depends on the benefits and costs of the information.
Deborah Kozdras, Ph.D.