Automobile Ownership

What do you need to know about buying a car?

• How to select the right car

• How to obtain suitable insurance

• The costs associated with having a car

• All of the above

A disadvantage of buying a new car is:

• The car is clean and attractive

• It’s expensive to purchase

• It is covered with a 12-month warranty

• The car has the latest technology

An advantage of buying a used car is:

• The car could have faults

• It generally won’t last as long

• The car is cheaper to purchase

• 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

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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

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

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

What is collision insurance?

• Pays to repair the damage to your automobile if it is involved in an accident

• Pays to repair the damage to other vehicle involved in an accident

• Another type of insurance

• Pays to repair the total damage

What is depreciation ?

• The decrease of an asset's value

• The increase of an asset's value

• A 1920's event

• An event

Sergio is shopping around for a new car.

What is the sticker price for the Hawk?

• $22,500

• $22,510

• $23,510

• $22.710

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What is Dealer's Cost?

• Percentage of the sticker price.

• Percentage of the selling price

• Percentage taken from the selling price

• The total cost of the automobile

What is Skid Mark?

• The most important part of driving

• The mark a tire makes on dirt

• The mark a tire makes when a vehicle's wheel stops rolling and slides or spins on the surface of the road.

• The tire mark