Lesson 2

Lesson 2: Buying or Leasing a Vehicle

Focus

One of the first big purchases young adults make is a vehicle. What type of vehicle suits you best? Do you need a truck so you can haul things? Do you typically have a number of passengers, which would make a van best? Do you have special needs for a small business? These are just some of the questions you have to ask yourself when contemplating getting a vehicle. One of the other big questions will be “How do I pay for the vehicle?”

In this lesson you will investigate a variety of purchasing options available to you when it is time for you to buy a vehicle.

Lesson Outcomes

At the end of this lesson you will be able to

• describe and explain the various options for buying or leasing a vehicle
• solve problems involving the purchase or lease of a vehicle and justify decisions related to this

Lesson Question

You will investigate the following question:

• How can you determine the best purchase or lease option for acquiring a vehicle?

Assessment

Your assessment may be based on a combination of the following tasks:

• completion of the Lesson 2 Assignment (Download the Lesson 2 Assignment and save it in your course folder now.)
  
• course folder submissions from Try This and Share activities
  
• additions to Glossary Terms
• work under Project Connection