Buying or leasing a car / vehicle

Quiz
•
Social Studies
•
12th Grade
•
Hard
+9
Standards-aligned
Alan Long
Used 7+ times
FREE Resource
51 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are good reasons to purchase a used car over a new car? (hint: choose 2 correct answers)
New cars depreciate faster than used cars
Insurance is generally cheaper on a used car
There are typically better financing options on a new car
You can get more car for your money when buying used
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
A disadvantage of buying a new car is it loses value faster than a used car. This is called
Capital gain
Inflation
Depreciation
Amortization
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Financing a vehicle has advantages & disadvantages. Which is a disadvantage?
You need a small amount of money upfront compared to buying the car
You pay interest and fees on borrowed money
Your credit score is not taken into consideration
You have more flexibility to pay the car off over time
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Financing an auto loan over a longer period of time...(hint: choose 2 correct answers)
Increases your monthly payment
Decreases your monthly payment
Increases the amount you pay in interest
Decreases the amount you pay in interest
Tags
CCSS.7.RP.A.3
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
It is important to comparison shop when purchasing a car. What does comparison shop mean?
Always buy from a local dealership
Take several photos to use for comparison
Compare the true market value of every vehicle
Compare the price & quality from different vendors
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
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
True or False: Buying a new car is always better than buying a used car.
True
False
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