Quiz - Unit 11 - Automobile Ownership

Which of the following are things to look for when shopping for a new or used car?

• the mileage
• damage to the exeterior of the car
• the price of the car
• all of these

All of the following are places to look for cars except

• Classified Ads
• The Walmart Parking Lot
• Kelly Blue Book
• Edmunds

What is depreciation?

• Cars lose value once you drive them.
• Cars lose space once you drive them.
• Cars gain value once you drive them.
• Cars lose mileage once you drive them.

The sticker price of a new car is

• set by the dealer.
• only a suggested price.
• the minimum price set by the manufacturer.
• not subject to negotiation.

The loss of an asset's value over time is called

• depreciation
• equalization
• amoritization
• normalization

The cost of owning a car includes

• insurance
• repairs
• gas
• all of these

A manufacturer's warranty on a car covers

• specific repairs for as long as you own the car
• all the maintenance costs for a specific number of miles
• specific repairs for a specific amount of time or number of miles
• collision repairs but no other repairs

Which of the following is NOT a type of coverage in an automobile policy?

• liability
• extended warranty
• comprehensive
• collision

When purchasing a vehicle, the most important things to compare are

• colors & cost
• safety & color
• color
• safety & costs

A trade-in allowance is

• not available if there is a rebate
• not available if the selling price is less than the sticker price
• added to the sale price
• a discount resulting from trading in one car for another