Note: This question was updated on 9/16/20. 

Answer:

Questions:

• How important is safety when it comes to the car you drive/expect to drive? 
• Would you purchase a less safe car if it cost $5,000 less than the higher safety car you were considering? Explain your answer. 
• What are the other factors that you will consider when buying your first used or new car?

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Kelley Blue Book):

It’s perfectly possible to shop for a used car within a limited budget and get a solid set of wheels. While these cars skew a little older and may show some signs of wear, if you do your homework you can find good, reliable transportation for under $5,000. Based on the research and recommendations of Kelley Blue Book’s vehicle reviewers, here are the 10 Best Used Cars Under $5,000.

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Have your students role play buying a used car in this NGPF Activity. 

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 Learn some pro tips on buying a car listening to this podcast with Andrei Smith. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.