Buying a car (vehicle)

Front

What do you need to know about buying a car?

Back

All of the above

Front

A disadvantage of buying a new car is:

Back

It’s expensive to purchase

Front

An advantage of buying a used car is:

Back

The car is cheaper to purchase

Front

The original amount of money that you borrow is referred to as the:

Back

Principal

Front

The most important thing to know about a car before buying is...

Back

The Vehicle History

Front

What does MSRP stand for?

Back

Manufacture Suggested Retail Price

Front

The cost of a car is $25,000 and there is a 15% down payment. What is the down payment amount?

Back

$3,750

Front

The cost of a car is $25,000 and the down payment is $3,750. What is the total amount to be financed?

Back

$21,250

Front

Monthly payments for a car are $513.80 for 4 years. What is the total amount to be repaid?

Back

$24,662.40

Front

The total amount to be financed is $21,250 and the total amount to be repaid is $24,662.40. What is the total interest?

Back

$3,412.40