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Financing 101: Dealers can teach students

November 22, 2010

Dealers can help teach young students important aspects of personal finance, as part of an NADA initiative with Junior Achievement Worldwide. Details of the program will be announced this fall.

 

Under the youth group’s Personal Finance initiative, dealers and their staffs would be encouraged to volunteer in middle school classrooms to talk about vehicle financing.

 

The NADA has fostered a relationship with Junior Achievement Worldwide. In March, the National Automobile Dealers Charitable Foundation gave $10,000 to JA to help its personal finance literacy programs. Among them is the Finance Park Program, which introduces middle school students to business and personal finance, including auto financing.

"These innovative programs," said NADA Chairman Charley Smith, "are working to plant the seed in the minds of school kids that financial responsibility and knowledge are vital assets in the important decisions they will make throughout life.

 

"Buying a car is among those important decisions, and we’re committed to helping them better understand that process early on."

 

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