Buy A Car Project

Help students weigh the costs of buying and owning a car. Research, loan calculations, and budget decisions build toward choosing a vehicle they can afford within the project’s limits.
Grades
Grades 7–12
File type
Multiple File Types
Answer key
Included

Updated Sep 16, 2023

Subject
Math, Finance, Life Skills
Topic
Car buying, Financial literacy
Resource types
Projects, Activities
Answer key
Included
Standards
7.RP.A.3

Product description

From the author

Buy a Car Project combines car-buying vocabulary, an adult interview, vehicle research, ownership costs, loan comparisons and a final budget-based purchase decision. Use the related activities together or select individual tasks.

The download contains a 43-slide editable PowerPoint, a matching PDF and Google Slides access instructions. Sample answers and adaptable worksheets support teaching. Linked comparison tools, calculators and videos require separate access; sample prices and rates are classroom scenario data.

In the classroom

Teaching tips & learning objectives

Learning objectives

  • Define car-buying vocabulary such as APR, depreciation, down payment, MSRP, and principal.

  • Calculate the true five-year cost of owning a car, including financing, insurance, gas, and maintenance.

  • Apply a fixed budget to select and justify whether a chosen car is affordable.

Teaching tips

  • Have students complete the Interview an Adult activity before the Research a Car activity, since the interview often surfaces real costs students then verify in their own research.

  • Confirm access to the mistergteacher.com/car comparison tool before assigning Research a Car or True Cost to Own, since both activities rely on it for data.

  • Use the activity comments-and-score sheet to record feedback and marks; establish your own scoring criteria.

Skills covered

  • Financial vocabulary — students define and apply terms like APR, depreciation, and principal throughout the project.

  • Consumer research — the Research a Car and Used vs. New Car activities have students compare vehicles by cost, features, and reviews.

  • Loan and interest math — the Car Loans and Auto Loan Statement activities have students work with financing amounts, APRs, and monthly payments.

Good to know

Questions teachers ask about this resource

Does the project cover costs beyond the car’s purchase price?

Yes. Activities address financing, insurance, and longer-term ownership costs before students make a final decision within a stated budget.

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Curriculum

Standards, concepts & topics

Standards

  • 7.RP.A.3 — Use proportional relationships to solve multistep ratio and percent problems. Examples: simple interest, tax, markups and markdowns, gratuities and commissions, fees, percent increase and decrease, percent error.

Core concepts

  • Car loan and APR math

  • True cost of ownership

  • Consumer comparison research

  • Budgeting for a major purchase

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