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Cars During Covid

Types of Credit

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Click on the Kahoot icon below to begin the quiz.

Alternatively, you can use EdPuzzle.

CARS DURING COVID | OCTOBER 16, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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

more about the current event:

CARS DURING COVID | OCTOBER 16, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Do you think this demand for used cars will continue to rise? Why or why not?

CARS DURING COVID | OCTOBER 16, 2020 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

  • Purchasing a Used Car (Lesson)
  • FINE PRINT: Vehicle History Report (Activity)
  • Why You Should Never Buy A Brand New Car (Video)

References:

  • $45k Loan for a $27k Ride: Borrowers Going Under on Car Loans (Wall Street Journal)
  • Used car prices spike as COVID shakes up the market for new cars (USA Today)
  • Looking to Buy a Used Car in the Pandemic? So Is Everyone Else (NY Times)
  • Could Auto Loans Be Problematic for Banks Down the Line? (Motley Fool)

CARS DURING COVID | OCTOBER 16, 2020 EDITION | NEXT GEN PERSONAL FINANCE