For the EdPuzzle version of this activity, click here.

This week's FinCap Friday offers some details about the major differences between buying a car and leasing one. In light of the news from the NY Federal Reserve about 7 million Americans being late on car payments, it is more important now than ever before for students to really understand the basics of car buying before signing on the dotted line. Find out more about the recent news related to car loans and more below:

 For those who prefer not to use the online Kahoot quiz, we've recently added a no-tech version with the questions embedded in the presentation deck!

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Check out all of our FinCap Fridays here. They're not date-dependent so any of the ones in our catalog can work throughout the year.

About the Authors

Tim Ranzetta

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.

Yanely Espinal

Born and raised by Dominican, immigrant parents in Brooklyn, Yanely is a proud product of NYC public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before going on to receive her bachelor's degree at Brown University in 2011. As a Teach For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master's degree from Relay Graduate School of Education in 2013. She spends her spare time making YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also loves to dance, sew, paint, listen to podcasts, and babysit her 10 nieces and nephews!