BUYING A CAR

What do you need to know about buying a car?

• How to select the right car

• The costs associated with having a car

• How to obtain suitable insurance

• All of the above

A disadvantage of buying a new car is:

• The car is clean and attractive

• It is covered with a 12-month warranty

• It’s expensive to purchase

• The car has the latest technology

An advantage of buying a used car is:

• The car could have faults

• The car is cheaper to purchase

• It generally won’t last as long

• It could need a lot of repairs

If I want the convenience of looking at many cars at once, the ability to easily compare prices, narrowly search for a specific vehicle and no pressure to buy.

I would be best off looking to buy a car from:

• A dealership

• An auction

• A private seller

• Online

Is it important to test drive a car?

• No, you shouldn’t worry about it

• Yes, you should see if you look cool in the car

• Yes, you need to test drive to get a feel for the car and identify any obvious problem

• No, the seller has told you everything you need to know

The amount of money that you have to pay when making an insurance claim is known as:

• Warranty

• Guarantor

• Excess

• Interest

The original amount of money that you borrow is referred to as the:

• Principal

• Interest

• Fixed Interest Rate

• Variable Interest Rate

There are 4 main types of insurance, these are:

• ·      Compulsory

  ·      Compulsory Third Party

  ·      Third Party Car Insurance  

  ·      Third Party Property

• ·      Compulsory Third Party

  ·      Comprehensive

  ·      Third Party (Fire and Theft)

  ·      Third Party Property

• ·      Comprehensive

  ·      Third Party Car Insurance  

  ·      Third Party (Fire and Theft)

  ·      Compulsory Third Party

• ·      Comprehensive Third Party

  ·      Third Party (Fire and Theft)

  ·      Third Party Property

  ·      Compulsory

If I want car insurance that covers me for any damage my car causes to other cars and property but doesn’t cover any damage sustained to my car, then I should apply for:

• Compulsory Third Party

• Comprehensive

• Third Party (Fire and Theft)

• Third Party Property

When transferring the registration of a vehicle, you must visit a motor registry and provide which of the following:

• Certificate of registration for your vehicle, signed by the seller

• Proof of your identity (e.g. driver’s licence)

• The receipt for the sale showing you are the new owner

• All of the above