Topic 11: Cars and Car Loans

Before they go borrowing money for their first car your kids should know …

  • The dangers of debt in general
  • The dangers of borrowing to buy a car that may lose value faster than they can pay off the loan
  • The additional danger of taking out a car loan with a residual
  • The benefits of saving a large deposit if a loan is unavoidable
  • The real cost of spending too much on a car

Lower Primary School Years:

No suggestions – This topic is considered to be a little complex for kids at this age.

Upper Primary School Years:

No suggestions – This topic is considered to be a little complex for kids at this age.

Lower High School Years:

No suggestions – This topic is considered to be a little complex for kids at this age.

Upper High School Years:

No suggestions.



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