# Leasing vs Buying a Car with Loan

(*)(*)(*)(*)(*) ( 4.2, 181 students)
• Price per Classroom\$2.00
• Grade Levels 7, 8, 9, 10
• Topics Car Loan
• Duration 20 Minutes
• Auto Scored? Yes
• Teacher Evaluation Needed? No

### Activity Description

In this interactive activity, students will begin by examining the lease details of a Toyota Camry, gaining insights into leasing terms. The review questions will reinforce their understanding. They will also have the opportunity to calculate the cost of buying a car using various loan durations instead of leasing. Ultimately, students will engage in a critical analysis, comparing the advantages and disadvantages of both leasing and buying options.

Through this exercise, they will develop essential financial literacy and decision-making skills, empowering them to make informed choices when acquiring a significant asset like a car.

### Learning Objective

The primary objectives are to teach students how to evaluate lease details, calculate the cost of car ownership with various loan durations, and make informed decisions about the most financially sound option.

### Teacher Tips

Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).

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