Purchasing a Car

Front

A disadvantage of buying a new car is it loses value faster than a used car. This is called

Back

Depreciation

Front

Which is NOT an expense of owning a car? Repairs & maintenance, Gasoline, License & registration fees, Utilities

Back

Utilities

Front

Financing a vehicle has advantages & disadvantages. Which is a disadvantage?

Back

You pay interest and fees on borrowed money

Front

What is the purpose of a Carfax?

Back

Supplies a vehicle history report to individuals.

Front

When trying to haggle the price of a used car, who should name the first price?

Back

The salesman

Front

What does comparison shop mean?

Back

Compare the price & quality from different vendors.

Front

What document is often called a "pink slip"?

Back

The title

Front

This type of law provides remedy for purchases of cars that fail to meet standards of quality.

Back

Lemon Law

Front

True or False: Buying a new car is always better than buying a used car.

Back

False

Front

One of the first steps in shopping for a vehicle is to create a(n)

Back

Budget