Buying a Car

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

The monthly payments for a car are $513.80 for 4 years (change to months). What is the total amount to be repaid?

• $18,496.80

• $2,055.20

• $24,662.40

The total amount to be financed is $21,250 and the total amount to be repaid is $24,662.40. What is the total interest?

• $400

• $21,250

• $3,412.40

The total amount to be financed is $19,800 and the total amount to be repaid is $21,718.20. What is the total interest?

• $1,918.20

• $6,734.60

• $523.45

The monthly payments for a car are $361.97 for 5 years (change to months). What is the total amount to be repaid?

• $1,809.85

• $21,718.20

• $24,662.40

this is the amount that a car manufacturer advises dealers to charge for a vehicle. It's just the starting point in negotiations at a car dealership.

• MSRP

• Loan

• Principal

• Down Payment

A used car lot is having a sale. A one-year old car that had been $25,200 is now on sale, priced at $23,140. How much money can be saved on buying this car?

• $2,050

• $2,060

• $2,070

• $2,080

• $2,090

A used car lot is having a sale. A two-year old car that had been $17,550 is now on sale, priced at $12,225. How much money can be saved on buying this car?

• $5,325

• $5,330

• $5,335

• $5,340

• $5,345

A used car lot is having a sale. A three-year old car that had been $33,890 is now on sale, priced at $24,979. How much money can be saved on buying this car?

• $8,907

• $8,908

• $8,909

• $8,910

• $8,911