Buying a car is often one of the first major financial choices that young people will encounter. Together with signing loan papers and choosing their dream car, there is still a layer that many do not see … The pressure to buy add-ons such as GAP insurance, credit life insurance and extensive guarantees! Although these products are used optionally and rarely, dealers are skilled to make them sound essential. This ensures a perfectly educational moment for your class! Use this week on Friday to inform students and to help them understand that there are consequences for non -inspired choices, and they can take years!
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About the author
Yanely Espinal
Yanely was born and raised by Dominican, immigrant parents in Brooklyn and is a proud product from NYC Public Schools. In 2007 she graduated from the Fiorello H. Laguardia High School before gaining her bachelor’s degree at Brown University in 2011. As a member of Teach for America Corps, Yanely gave the third and fourth grade in Canarsie, Brooklyn. She obtained her master’s degree from Relay Graduate School of Education in 2013. She spends her free time making YouTube videos about personal finances on her channel, MissetryPful. Yanely also likes dancing, sewing, painting, listening to podcasts and babysit her 10 nieces and cousins!
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#Fincap #Friday #costs #car #ownership