Buying a Car

What are the 3 most important factors to consider when buying a car?

• Cost

• Reliability

• Color

• Seating capacity

• Safety

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.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

All of the following are places to look for cars except

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

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

The _______________ is the cash you give to the dealer to lower the principal amount of the car.

• warranty expense
• interest amount
• down payment
• trade-in

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

If you are buying a car that costs $25,000 and your bank requires a down payment equal to 5% of the car cost, how much do you have to put down?

• $25,250
• $26,250
• $500
• $1,250

Tags

CCSS.6.RP.A.3C

What is not one of the three T's of registering a car?

• Title

• Tax

• Tofu

• Tag

Which of the following is the document that says who OWNS the car?

• Insurance
• Registration
• Title
• VIN

What does the "odometer" tell you?

• How much the car is worth ($$)

• How many miles are on the car

• How old the car is

• How fast the car can go