buying a car
Authored by Benjamin Gibson
Social Studies
12th Grade
CCSS covered
Used 110+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
APR is...
Annual Percentage Rate
Artificial Petroleum Reserve
Annual Price Reduction
Tags
CCSS.6.RP.A.3C
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Having a lower APR could mean that your...
monthly car payment is lower
interest paid is higher
car loan will be over a longer period of time
Tags
CCSS.6.NS.C.7A
CCSS.6.NS.C.7B
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a reduction in the value of an asset over time is called
appreciation
depreciation
inflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One advantage to leasing a car is:
You can drive nicer vehicles and have up-to-date features.
Wear and tear costs
limits on mileage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You're likely to save more money in the long run if you...
Buy a used car
Lease a car
Buy a new car
Tags
CCSS.8.F.A.2
CCSS.HSF.IF.C.9
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is a better financial choice for getting a car loan?
5% down-payment and term of 6 years.
20% down-payment for a term of 4 years
Tags
CCSS.8.F.A.2
CCSS.HSF.IF.C.9
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select all of the following GOOD ADVICE for car purchases...
Always invest more money than your monthly car payment.
Negotiate your car purchse
Test drive your car
Forget extras like heated seats and sunroofs
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