Vehicle Test Review

Front

An initial amount, usually a percentage of a total cost, that is paid by a borrower to create equity in a purchase.

Back

Down Payment

Front

The monetary charge for the privilege of borrowing money.

Back

Interest

Front

As a general guideline, what percent of your monthly take home pay should you spend on a car?

Back

10-12%

Front

In which year does a car depreciate the most?

Back

1st Year