Buying a Car

General Guideline: no more than _____ of the money you have left after paying all other regular monthly expenses, such as rent, utilities, credit cards, etc. should be used for a car payment.

• 10%

• 20%

• 30%

• 40%

Which cars lose more of their value after purchase?

• New Cars

• Used Cars

Overall, do vehicles go up or down in value over time?

• Up

• Down

In the car buying process which of the following steps would come first?

• Get pre-approved

• Go to the dealership and shop for the vehicle

• Determine what you need the vehicle for

• Contact your insurance agent to determine the cost to insure

True or False: All vehicles cost about the same amount to insure?

• True

• False

True or False: Test driving a vehicle is important?

• True

• False

What would be a good way to research the history of a vehicle?

• Ask the salesman

• Contact the dealership

• Use a carfax

• Contact city hall

Which would be a good place to determine a good price for a vehicle?

• Kelly Blue Book

• Manufacturer Website

• Dealership Website

Is the sticker price the only price the dealership will accept when selling a car?

• Yes

• No

Are dealership add-ons like warranties & undercoatings usually a good deal?

• Yes

• No