B2 – Upper Intermediate
One of our largest lifetime investments may be a car. But unlike other investments like a house, a car’s value depreciates quite rapidly.
In what way and why?
Watch the video below to help you find out the answers to these questions.
Vocabulary Questions:
- What does “to be underwater on a loan” mean? “A car owner is underwater on a loan if their loan is larger than what their car is worth.” Give two (2) synonyms or similar expressions and make your own sentence using the term ‘underwater on a loan’.
- How about the word “abate“? “A lot of those trends have abated since, but those odd times led to lasting changes in the post-pandemic world.” Give two (2) synonyms or similar expressions and make your own sentence using the term ‘abate’.
- Do you know what “rein in” means? “The Federal Reserve has raised interest rates in order to rein in inflation and that has made borrowing more expensive.” Give two (2) synonyms or similar expressions and make your own sentence using the term ‘rein in’.
Discussion Questions:
- What are the 3 main reasons mentioned in the video that causes car depreciation?
- Do you agree to these reasons why cars lose their value? Why or why not?
- Could you consider cars as investment? Why or why not?
- Which do you consider is the better choice between a new car or a used one? State your stance.
- What are different factors a buyer should consider before buying a car?