

Buying a Vehicle Test Reattempt Version
Flashcard
•
Social Studies
•
9th Grade
•
Practice Problem
•
Hard
Wayground Content
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11 questions
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1.
FLASHCARD QUESTION
Front
Financing your car means:
Back
Paying off the car in monthly payments
2.
FLASHCARD QUESTION
Front
When financing a car, the contract will usually include: Interest rate, monthly payments, and years outlined, Condition of the car, Miles per gallon, oil preferences, maintenance schedules
Back
Interest rate, monthly payments, and years outlined
3.
FLASHCARD QUESTION
Front
Many personal finance experts recommend keeping your car budget costs to no more than __% of your take-home pay after taxes. Your budget will include any car payment, auto insurance, gas, maintenance, and repairs.
Back
10%
4.
FLASHCARD QUESTION
Front
Do many car buyers shop for vehicles beyond their means and prefer a low down payment, leading to misjudgment of their monthly payment capabilities?
Back
True
5.
FLASHCARD QUESTION
Front
Trading-in your car gets you more money than selling the car on your own.
Back
False
6.
FLASHCARD QUESTION
Front
MSRP (____ ___ ___ ____)
Back
Manufacturer's Suggested Retail Price
7.
FLASHCARD QUESTION
Front
The type of vehicle you choose and the history of your driving record can profoundly affect the cost of insurance
Back
True
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