Lesson Plan

Hot Wheels

Step-by-Step process for buying a vehicle.
Kristye S.
Classroom teacher
Cabell Midland High School (Ona, WV)
My Grades 9, 10, 11, 12
My Subjects Math
Objectives

Students will be able to...

M.O.CM.2.5 describe and illustrate how calculating costs, simple and compound interest, finance charge, loan payment and tax functions are used to solve real-world problems.

M.O.CM.2.6 identify a real life situation that involves investing money over time; pose a question; make a hypothesis as to the answer; develop, justify, and implement a method to collect, organize, and analyze related data; generalize the results to make a conclusion; compare the hypothesis and the conclusion; present the project numerically, analytically, graphically and verbally using words, graphs, models, or tables (with and without technology).

Subjects
Math

1 Hook

Activity: Investigating

Students will have 5-10 minutes to investigate the types of vehicles currently available via Kelley Blue Book (http://www.kbb.com/).  Students should look for their "dream" vehicle, making a list of options that they would like their vehicle to have.

2 Direct Instruction

Activity: Conversing

Discuss what possible steps might be required to purchase a vehicle.  Scaffold to fill in the missing steps that students do not typically consider such as maintenance and insurance.

3 Guided Practice

Activity: Exploring

Graphic organizer mapping what the studetns believe to be the process for buying a card. An example of a sequencing organizer can be obtained below:

http://allaccesspassblog.files.wordpress.com/2013/04/sequencep-pg-57.jpg...

Allow students time to create their organizer and then help to be sure everyone is on the same page regarding the steps involved in the car buying process.

Model going through the process via reputable websites.

4 Independent Practice

Activity: Other — Practical Money Skills for Life

Allow students to "buy" their own car within a budget. Use lesson #3 from the site below as a guide.

https://www.practicalmoneyskills.com/foreducators/lesson_plans/highschoo...

5 Wrap-Up

Activity: Presenting

Students should present their findings.  In particular, whether they were able to stay within budget and their expectation of the cost involved vs the reality of the purchase.