Owning & Leasing Automobiles

If your car is totaled or stolen, this insurance covers the loan value of your car instead of the car's current market value.

• Liability
• GAP
• Collision
• Comprehensive

GAP stands for:

• Generic Auto Insurance
• Generic Access Profile
• Guaranteed Auto Protection
• Guaranteed Asset Protection

Premium is the amount of money you pay for your insurance.

• True
• False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

Comprehensive covers vehicle damage that might occur from theft, vandalism, fire and natural disasters.

• True
• False

A higher deductible will lower the cost of your insurance.

• True
• False

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

• APR
• Credit Score
• Cost of the Loan
• Depreciation

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

• Deductible
• Bait & Switch
• Upside Down
• Premium

What type of insurance do you need to cover the other driver if you are involved in an auto accident?

• GAP coverage
• Liability
• Collision
• Comprehensive

VIN stands for: 

• Very Important Number
• Vehicle Identity Network
• Vehicle Identification Number
• Vendor Information Network

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

The amount of money you pay upfront for a car.

• Monthly payment
• APR
• Down payment
• Premium

Tags

CCSS.7.RP.A.3