How can making a larger down payment save you money when purchasing a car? (Choose two correct answers)

Your monthly payment will be lower

You will pay less interest over the life of the loan

Your monthly payment will be higher

You will pay more interest over the life of the loan

A higher credit score...

Will help you obtain a lower interest rate on an auto loan

Will help you obtain a higher interest rate on an auto loan

Has no impact on the interest rate on an auto loan

Which statement most accurately describes the difference between leasing and owning a vehicle?

Leasing a car is making monthly payments to use a car for a fixed period of time, but then you return it without owning it

Leasing is a term used when you purchase a car for the longest term possible

Leasing is a term used when you take the car for an initial test drive

Leasing a car requires a very large down payment, while purchasing a car does not

According to the video, what is the first step in purchasing a new vehicle?

Create a budget and check your credit score

Take multiple vehicles for a test drive to see what features you like best

Get an insurance quote for your new vehicle

Decide which color vehicle you want most

If you were offered two auto loan options with the same principal and interest rate, but one was a 48-month loan and one was a 72-month loan, which outcome below will reflect the impact of that difference in term?

The 48-month loan will cost less money overall

The 48-month loan will have lower monthly costs

The 48-month loan will take longer to pay off

The 48-month loan will always be a better choice

Shonda’s mom recommends that she spend a year building her credit history and boosting her credit score before she applies for a loan to buy her dream car, which costs $54,000. Why is that good advice?

A good credit score will reduce her interest rate

A good credit score will reduce her down payment

A good credit score will reduce her principal

A good credit score will allow her to pay the full $54,000 in cash

4.5 Auto Loans Lesson

25 questions

Show all answers

1.

SLIDE QUESTION

30 sec • Ungraded

2.

SLIDE QUESTION

30 sec • Ungraded

3.

SLIDE QUESTION

30 sec • Ungraded

4.

OPEN ENDED QUESTION

3 mins • 1 pt

Think about some of the car ads you see on TV, internet, or print. What are some of the special offers advertised?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What advice have you heard or been given about buying cars?

Evaluate responses using AI:

OFF

6.

SLIDE QUESTION

30 sec • Ungraded

7.

SLIDE QUESTION

30 sec • Ungraded

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

20 questions

7.3: Exponential Growth and Decay

Presentation

•

9th - 12th Grade

19 questions

Digital Classroom Expectations

Presentation

•

KG - 12th Grade

19 questions

Angle & Segment Relationships

Presentation

•

9th - 12th Grade

20 questions

Polynomial factoring review

Presentation

•

10th - 12th Grade

21 questions

Solving Systems of Equations by Graphing

Presentation

•

8th - 12th Grade

21 questions

Centers of Triangles

Presentation

•

9th - 11th Grade

18 questions

Multiplying Rational Expressions

Presentation

•

10th - 12th Grade

18 questions

5.6 ASA and AAS Congruence

Presentation

•

9th - 12th Grade

Popular Resources on Wayground

15 questions

Grade 3 Simulation Assessment 1

Quiz

•

3rd Grade

22 questions

HCS Grade 4 Simulation Assessment_1 2526sy

Quiz

•

4th Grade

16 questions

Grade 3 Simulation Assessment 2

Quiz

•

3rd Grade

19 questions

HCS Grade 5 Simulation Assessment_1 2526sy

Quiz

•

5th Grade

17 questions

HCS Grade 4 Simulation Assessment_2 2526sy

Quiz

•

4th Grade

20 questions

Equivalent Fractions

Quiz

•

3rd Grade

24 questions

HCS Grade 5 Simulation Assessment_2 2526sy

Quiz

•

5th Grade

20 questions

Math Review

Quiz

•

3rd Grade

Discover more resources for Mathematics

20 questions

Algebra 1 EOC Review 1

Quiz

•

9th Grade

20 questions

Graphing Inequalities on a Number Line

Quiz

•

6th - 9th Grade

5 questions

A.F/ST Quizizz Day 1

Quiz

•

9th - 12th Grade

5 questions

G.PC/DF Quizizz Day 2

Quiz

•

9th - 12th Grade

5 questions

A.F/ST Quizizz Day 5

Quiz

•

9th - 12th Grade

15 questions

Combine Like Terms and Distributive Property

Quiz

•

8th - 9th Grade

15 questions

Algebra 1 EOC Review #1

Quiz

•

9th Grade

5 questions

A.F/ST Quizizz Day 3

Quiz

•

9th - 12th Grade