Auto Purchasing & Insurance
For parents and guardians, the excitement of their child learning to drive is often met with anxiety and concern. Beyond safety on the road, there’s another crucial factor that many young drivers overlook—the financial responsibility that comes with owning and maintaining a car.
At Breadwinners Academy, we go beyond the basics of driving and ensure students understand the true cost of car ownership through hands-on simulations and real-world financial education. From evaluating used vehicles to understanding auto insurance, we equip young drivers with the knowledge they need to make smart financial decisions.
What We Cover
🚗 Car Buying 101
The essentials of purchasing a vehicle, from negotiations to financing options.
🔍 How to Evaluate a Used Vehicle
Key factors to look for when buying pre-owned.
💰 Total Cost of Ownership
Understanding the hidden costs beyond the sticker price:
Kelley Blue Book (KBB) value & depreciation
Routine maintenance & repairs
Gas expenses & fuel efficiency
Future resale value
🏦 Financing a Vehicle
How loans and interest rates impact monthly payments (covered in-depth in our credit module).
🛡 Auto Insurance Essentials
Breaking down policies to ensure the right coverage:
Comprehensive vs. Collision – What’s covered and when it applies.
Coverage Amounts – Understanding liability and protection options.
Accident Procedures – What to do after a crash to protect yourself financially.
How Car Type Affects Premiums – Why insurance costs vary based on the vehicle you drive.
By the end of the program, students will have the financial confidence and awareness needed to navigate car ownership responsibly—before they even get behind the wheel.
