- 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 (IIHS):
For many families, a brand new TOP SAFETY PICK or TOP SAFETY PICK+ isn’t in the budget for a teen’s vehicle. In a national phone survey conducted for IIHS of parents of teen drivers, 83 percent of those who bought a vehicle for their teenagers said they bought it used.
With that reality in mind, in 2014, we began publishing a list of affordable used vehicles that meet important safety criteria for teen drivers…There are two tiers of recommended vehicles, best choices and good choices. Prices range from a little over $5,000 to nearly $20,000, so parents can buy the most safety for their money, whatever their budget.
Have your students role play buying a used car in this NGPF Activity.
Learn some pro tips on buying a car listening to this podcast with Andrei Smith.
About the Author
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.