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Cars Vocab Quiz

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KG - University

20 Questions

Used 16+ times

Cars Vocab Quiz
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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The amount of money you pay upfront for a car.

Monthly Payment
APR
Down Payment
Premium

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The manufacturer's initial charge but not the final cost to the dealer. 

MSPR
Dealer Sticker Price
Dealer Cost
Invoice Price

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The steady decline in the resale value of any vehicle that you buy.

Depreciation
Cost of the Loan
Credit Score
APR

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

When you owe more on your vehicle than what it is worth.

Deductible
Upside-down
Bait and Switch
Premium

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The score that evaluates your credit-worthiness and determines the rate of interest you are eligible to receive

Credit Score
VIN
Invoice Price
Dealer Cost

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The practice of advertising a car at an unrealistically low price, then switching a customer to a different vehicle at a higher price.

Factory-to-dealer Holdbacks
Factory-to-dealer Incentives
Cost of the Loan
Bait and Switch

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount of money you will have to pay back in addition to the money you borrowed.

Deductible
Premium
Budget
Cost of the Loan

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