Buying a Car & Credit Unit

If you live in an area that gets a lot of snow, you may need a rear-wheel drive vehicle.

• True

• False

If you have a large family, you may want a 2-door car instead of a 4-door car.

• True

• False

Getting a 0% or low-interest rate loan will save you money.

• True

• False

What does the bank charge you to borrow money?

• interest

• nothing

Getting help from a trusted adult and looking up fair car prices from Kelley Blue Book are wise things to do before purchasing a car.

• True

• False

The total price of a car is the car's advertised price AND any interest you will end up paying for it.

• True

• False

A car that gets 15 miles per gallon is considered to be a car with good gas mileage.

• True

• False

It is a good idea to buy a car with a credit card.

• True

• False

There are online calculators to help you figure out the total price of your car (including interest).

• True

• False

If you need to haul a lot of equipment, you may want to buy an SUV or a truck.

• True

• False