Adv. $ Mangt. Car Buying Study Quiz

Which of the items is NOT a cost of owning a car?

• insurance

• maintenance

• gas

• ride sharing

When deciding if you should buy a car, research the following:

• payment, interest, reliability

• payment, max speed, MPG

• MPG, average lifespan, size of tires

When you walk into a car dealership, what should you NOT mention?

• what color car you want

• amount you can pay in monthly payments

• how far you drive daily

• what kind of car you drive now

Which of the following is KEY to NEGOTIATING for a car?

• Respect the car salespeople

• Making deals with multiple dealerships at the same time

• Only deal with the manager, not sales people

• Telling them what monthly payment you want

How do you know what price to start negotiating from?

• 10% off MSRP

• $1000 less than you can afford

• Subtract your trade in value first

• The amount you'd like to pay

What is the MOST important car BUYING tip?

• Take emotions out of the deal

• Treat people with kindness

• Trust the salesperson

• Read contract before you sign it

If the car price is $15,000, what price should you start negotiating with?

• $15,000

• $14,000

• $13,500

• $13,000

Which is TRUE?

• Cars appreciate in value over time

• Cars depreciate in value over time

You should always tell the car dealer your desired monthly payment.

• False

• True

If you have a car to trade in, you should make that part of the new car negotiations

• True

• False