Cars, Renting, Homes, Credit Cards

Many financial advisors suggest not buying a brand new car unless you have a net worth of:

• $75,000

• $250,000

• $500,000

• $1,000,000

Which of the following automobile financing methods was NOT discussed in class?

• Buying New

• Leasing

• Buying Used

• None of the above

An advantage of buying a brand new car might be:

• Lower down payment

• Fewer repair bills

• Less depreciation

• None of the above

A disadvantage of buying a brand new car might be:

• Lower down payment

• Few repair bills

• Greater depreciation

• None of the above

An advantage of leasing a car might be:

• Lower down payment

• Lower monthly payment

• Fewer repair bills

• All of the above

• None of the above

A disadvantage of leasing a car might be:

• Lower monthly payment

• Fewer repair bills

• Lower down payment

• None of the above

A disadvantage of buying a used car might be:

• Lower down payment

• Increased repair bills

• Shorter loan term

• None of the above

When acquiring a car, it's always important to:

• Determine how much you can afford

• Carefully research cars your considering

• Be prepared to walk away from the deal

• All of the above

• None of the above

When buying an automobile, it is important to:

• Listen to the engine

• Do a visual inspection during daylight hours

• Check beneath the car for liquid leaks

• All of the above

• None of the above

Personal debt may benefit your health by:

• Reducing blood pressure

• Boosting your immunity

• Strengthening personal relationships

• All of the above

• None of the above