Reggie Needs a Car (A)

Abstract

This case series simulates the decision of choosing and financing a car. Reggie Fuller is a fry cook on the verge of losing his job if he keeps arriving late to work due to inconsistent public buses. Fuller's dream car, the Lincoln MKS, is priced far beyond his budget ($50,000), but Fuller wonders if he can afford other new cars like the Nissan Altima (which costs $17,445) or the Toyota Camry (which costs $20,306). Unsure of how to proceed, Fuller seeks the advice of a family friend and mentor, who agrees to teach him what he knows about the car-financing process. Accompanying the case is a handout that teaches students how to calculate monthly auto loan payments. Excerpt UVA-F-1884 Rev. Apr. 30, 2020 Reggie Needs a Car (A) Introduction Reggie Fuller checked his watch. It was 8:45 a.m. already, and still no bus. He had to be at work by 9:00 a.m., and he had been waiting at the bus stop for more than 20 minutes, eagerly watching the road for any sign of the Downtown 7 bus. The sun was quickly climbing overhead, and as the morning got hotter and hotter, Fuller's work uniform started sticking to his sweating chest. He wiped the sweat from his forehead and grew more annoyed and irritated with the late bus, as well as the summer heat and humidity. If I can be here on time, why can't the bus? he muttered to himself. . . .