In this assignment, you will conduct research to find the best loan for your first car. Using reference materials and Internet sites, you will collect information about a used car and loan options to buy the car. You will use an online loan calculator to find the best option for a used car loan. Present a multimedia presentation on the best loan option for a used car and the resources you used, along with the options you explored to decide on the best loan option. A list of search term suggestions for finding resources is provided at the end of this guide.  

Your presentation should include the following slides. The slides should be a title slide, a slide containing your used car information, a slide containing information on loan options with a bank and with a credit union, a slide including calculations, a slide comparing the loan options, a slide with the best choice for a car loan, and a works-cited slide. 

Assignment Instructions 

Step 1: Gather materials and necessary information. 

You will collect information about a used car of your choice and a loan. 

Search for a used car you think you would like to buy someday using an Internet search engine for "used cars for sale." The car cannot be more than $15,000. 

Save a picture of the car. 

Record the price, mileage, year, make, model, and location of where to buy the car. 

Search for loan options with a bank and a credit union of your choice. For both options find. 

APR 

Restrictions on the loan options 

Additional fees 

Finance charges  

Repayment periods
 

Be sure to keep a list of your references so you can cite them later. 

Ask your teacher where you should save your presentation as you work on it. Your teacher may also have specific guidelines about the file name you should use.
 

Step 2: Create the title slide. 

Begin by creating the title slide. This slide should include the title of your project (name of your car), your name, your teacher's name, and the due date of the presentation. 

Remember to save your work as you go. 

 
Step 3: Identify your choice for a used car. 

Create the slide titled My First Car. 

On this slide, include: 

Picture of your chosen car 

Description of your car, including year, make, and model 

Price of the car 

Mileage of the car 

Location of where to buy the car 

Reason you selected the car 

Prediction of the income you think you would need to obtain a loan to get the car 

Prediction of the monthly payment you will feel comfortable paying 

Place text in the notes section below the slide that explains the information presented on the slide. This text will act as the script for your presentation.  

Remember to save your work as you go.
 

Step 4: Identify options for a used car loan through a bank. 

Create the slide titled My Bank Options. 

On this slide, add information about your bank. 

Banks you researched 

Reasons you picked this bank 

Picture of the bank or its logo
 

Place text in the notes section below the slide that explains the information presented on the slide. This text will act as the script for your presentation. 

Remember to save your work as you go.
 

Step 5: Identify options for a used car loan through a credit union. 

Create the slide titled My Credit Union Options. 

On this slide, include information about the credit union: 

Other credit unions you researched 

Reasons you picked this credit union 

Picture of the credit union or its logo 

Place text in the notes section below the slide that explains the information presented on the slide. This text will act as the script for your presentation. 

Remember to save your work as you go.
 

Step 6: Calculate the options. 

Create the slide titled My Calculations.  

On this slide, use an online calculator to find: 

3-, 4-, and 5-year monthly payments with at least two different down payments. (The down payment cannot be more than $1000.00.) Include: 

the correct sales tax. 

fees from the dealer and loan provider. 

the total amount of the loan including tax and fees. 

the total interest to be paid over the repayment period. 

Picture of the amortization table for one of the monthly payment plans above. Use the link under loan calculator resources. What patterns do you see in the table? 

Place text in the notes section below the slide that explains the information presented on the slide. This text will act as the script for your presentation. 

Remember to save your work as you go.
 

Step 7: Compare your findings. 

Create the slide titled Comparing Loan Options. 

On this slide, add the information about your loan options to the table below and insert it into this slide.  

Pick a down payment for your loan. Insert the down payment into the title of the table.  

Compare and contrast all the options and predict why someone would pick each of the options.  

Place text in the notes section below the slide that explains the information presented on the slide. This text will act as the script for your presentation. 

Remember to save your work as you go.
 

Step 8: Choosing your loan. 

Create the slide titled My Best Option.  

On this slide, add information about the best loan option for your car: 

Which financial institution and loan option are you going to use? 

List the reasons you selected that option. 

Reflect if your prediction of the income needed and the monthly payment to buy your first car was correct.  

List the reasons you think this car would be a good buy. 

Add reflection comments about what you learned from this project. 

Place text in the notes section below the slide that explains the information presented on the slide. This text will act as the script for your presentation. 

Remember to save your work as you go. 

 

Step 9: Cite your sources. 

Create the slide titled Works Cited. 

On this slide, create the list of the resources you used to complete your research. A simple list of website titles and addresses (URLs) is acceptable. If you used print sources, list the title, author, publisher, city, and date. 

Step 10: Evaluate your work using this guide and the rubric. 

Make sure you have used spellcheck and saved your document correctly.  

Grade yourself by going through the provided rubric. 

Discuss with another student and go over each other's presentations to make sure you both have done a good job. Talk about what you can do to improve your presentations. 

Go through checklist below.
 

Yes	No	Evaluation Question
		Does your presentation use visuals effectively?
		Does your presentation use correct punctuation and grammar?
		Does your presentation present information in ways that will engage your audience?
		Does your presentation contain language that is appropriate to your audience and format?
		Does your presentation capture the interest of the audience?
		Does your presentation include important details, statistics, facts, and images?
		Does your presentation include all the required elements described above?

 

If you can go through this guide and you are satisfied with where your presentation will fall in the rubric, you are ready to submit your presentation. 

 

Step 11: Revise and submit your presentation. 

If you were unable to check off all the requirements on this student guide, revise your presentation with the help of the improvement suggestions you obtained and save it before submitting.  

When you have completed your presentation, return to the virtual classroom and use the "Browse for file" option to locate and submit your assignment. Congratulations! You have created your first-car-loan presentation.
 

Ask your teacher for further instructions about making your presentation to an audience of your peers. 

Resource Suggestions 

You may wish to use these search phrases to look for online sources. 

Information about auto financing 

Amortization table 

Auto Loan calculator 

Comparison of Options with a Down Payment of Name of Bank and Credit Union Interest Rate (APR) Financing Fees 3-Year Monthly Payments 4-Year Monthly Payments 5-Year Monthly Payments