Chp 13 Purchasing a Car

Your car will have fewer breakdowns and repairs, better fuel economy, and greater trade-in value by keeping up with regular (a)   .

• maintenance
• upgrades
• down payments
• test-drives

What is an auto superstore?

• A large car dealership that sells only trucks

• A small car dealership that sells inspected luxury cars.

• Sells new and used vehicles that are inspected, serviced and warranted.

• Dealership that specializes in only new vehicles

Which of the following is true regarding the automobile marketplace?

• The automobile marketplace offers many different ways for consumers to shop.

• The automobile marketplace favors sellers and offers no recourse for buyers who have been cheated.

• The automobile marketplace is an example of a monopoly.

• The automobile marketplace offers very few options.

Before buying a car, it is wise to ___________________ the car to see how well it handles in traffic, on the open road, and when starting, stopping, turning, and parking.

• inspect

• test-drive

• read reviews

• ask someone who owns that car

What is an example of a one time expense paid when purchasing a car?

• down payment

• insurance

• maintenance

• gas

Which of the following is not true about buying a used vehicle?

• A person should never buy from a private party.

• A person should find out the cost of maintenance for the car wanted.

• A person should know the reputation of the dealer.

• It is a good idea to compare financing costs from various sources.

Which of the following costs will not change the more you drive your car?

• amount of depreciation

• insurance premium

• fuel costs

• state registration fees

Which of the following is an expense that is not actually paid, but can represent a sizeable amount of money?

• fuel

• depreciation

• registration

• maintenance

When purchasing a used car, it is a good investment to purchase a(n) _____.

• air purifier

• seat covers

• VIN history report

• window tint

What is one advantage of buying a used car over a new car?

• Used cars always come with warranties.

• Used cars offer peace of mind due to their guaranteed reliability.

• Used cars always have the latest features and technology.

• Used cars tend to have a better value because new cars depreciate faster.