1 of 5

Repossessions on the Rise

Managing Credit

NO TECH

2 of 5

Click on the Kahoot icon below to begin the quiz.

Alternatively, you can use EdPuzzle.

REPOSSESSIONS ON THE RISE MARCH 10, 2023 EDITION | NEXT GEN PERSONAL FINANCE

3 of 5

You’ve completed the exercise, now it’s time to learn

more about the current event:

REPOSSESSIONS ON THE RISE MARCH 10, 2023 EDITION | NEXT GEN PERSONAL FINANCE

4 of 5

Discussion Prompt:

Would you be okay with owing more money towards your auto loan than your car is worth? Why or why not?

REPOSSESSIONS ON THE RISE MARCH 10, 2023 EDITION | NEXT GEN PERSONAL FINANCE

5 of 5

Extend Your Learning

Three Relevant Resources from NGPF:

  • What's the average interest rate on a car loan for someone with bad credit? (QOTD)
  • Auto Loans and Leases (Lesson)
  • Loan vs Lease (Video)

​

References:

  • Monthly Payments on New Cars Hit Record High of $1,000+ (Yahoo Finance)
  • Data shows car repossessions on the rise after pandemic low (ABC)
  • Car repossessions are on the rise in warning sign for the economy (NBC)
  • How to get out of a car loan when you’re upside down (Credit Karma)

REPOSSESSIONS ON THE RISE MARCH 10, 2023 EDITION | NEXT GEN PERSONAL FINANCE