Check out our new student guide to use with this article-based lesson!
Keep Your Lips Zipped When You Shop!
When is the last time you have been on a car lot? Have you flipped through an Automobile Sales Flyer or scrolled online to find your dream car? Did you know that what you say “can, and will be held against you?” There are five topics you must tame your tongue to avoid! Before reading the article, 5 things not to say when you're buying a car, come up with a quick list of items that you may not want to share with a car salesperson. Compare it to the list in the article below.
Part of the battle in purchasing a car is comparison shopping to ensure you are making the best decision. You must weigh information about each vehicle in comparison to each other. Think about such items as price, affordability, auto features, repair costs and your own intention for use and need to a vehicle. Read the article attached and write a short response illuminating the consequences of purchasing a vehicle that just meets or exceeds your price range. What are the consequences to this? Does this affect anyone other than yourself; how so?
Extension: Explore the laws and institutions provided for consumers to help gain adequate information about vehicles. Make a brochure to identify and explain these laws and institutions to another consumer.
Florida Financial Literacy Standards:
Compare consumer decisions as they are influenced by the price of a good or service, the price of alternatives, and the consumers income as well as his or her preferences.
Analyze situations in which when people consume goods and services, their consumption can have positive and negative effects on others.
Discuss that when buying a good, consumers may consider various aspects of the product including the product’s features. Explain why for goods that last for a longer period of time, the consumer should consider the product’s durability and maintenance costs.
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.
Examine governments establishing laws and institutions to provide consumers with information about goods or services being purchased and to protect consumers from fraud.
Created by Deborah Kozdras and Brittany Sampson