Buying a Car Review

The cost of a car is $25,000 and there is a 15% down payment. What is the down payment amount?

• $375,000

• $2,500

• $3,750

The cost of a car is $25,000 and the down payment is $3,750. What is the total amount to be financed?

• $28,750

• $21,250

• $20,000

"MSRP" can best be defined as...

• the first amount listed on a car's price

• extra items added to a car

• a delivery fee charged to the buyer of a car

• an abbreviation for manufacturer's suggested retail price

"Options" can best be defined as...

• the first amount listed on a car's price

• extra items added to a car

• a delivery fee charged to the buyer of a car

• an abbreviation for manufacturer's suggested retail price

"Base price" can best be defined as...

• the first amount listed on a car's price

• extra items added to a car

• a delivery fee charged to the buyer of a car

• an abbreviation for manufacturer's suggested retail price

What is the base price for the below vehicle:

2021 Chevrolet Silverado 1500: $50,600

Advanced Trailering Package: $490

Leather Package: $760

6.2L EcoTec3 V8 Engine: $2,495

Dark Essentials Package: $305

Performance Upgrade Package: $2,275

Convenience Package: $1,300

Wheel Locks: $75

20" High Gloss Black Painted Aluminum Wheels: $500

Destination Charge: $1,595

• $50,600

• $58,800

• $60,395

• $61,990

Calculate the total sticker price for a vehicle with the below information:

2021 Chevrolet Silverado 1500: $50,600

Advanced Trailering Package: $490

Leather Package: $760

6.2L EcoTec3 V8 Engine: $2,495

Dark Essentials Package: $305

Performance Upgrade Package: $2,275

Convenience Package: $1,300

Wheel Locks: $75

20" High Gloss Black Painted Aluminum Wheels: $500

Destination Charge: $1,595

• $50,600

• $58,800

• $60,395

• $61,990

Calculate the total sticker price for a vehicle with the below information:

2020 Ford Edge: $43,265

Equipment Group Package: $4,840

Cargo Accessory Package: $290

Cold Weather Package: $495

21" Premium Painted Aluminum Wheels: $995

Destination & Delivery: $1,245

• $43,265

• $6,620

• $1,245

• $51,205

• $51,130

What is the total price of all of the added options on this vehicle?

2020 Ford Edge: $43,265

Equipment Group Package: $4,840

Cargo Accessory Package: $290

Cold Weather Package: $495

21" Premium Painted Aluminum Wheels: $995

Destination & Delivery: $1,245

• $43,265

• $6,620

• $5,375

• $51,205

• $51,130

What is the total sticker price for this window sticker?

• $31,370

• $32,295

• $36,030

• $36,070