PF Chapter 14 Test 2023

 Before you start shopping for a car, determine how much you can afford to spend.

• True

• False

 When you compare the prices of different vehicles, be sure to compare models that have the same options.

• True

• False

 Preapproval combines the financing of your car with the process of negotiating the car's price.

• True

• False

 Experts recommend never buying a vehicle on your first visit to the dealership.

• True

• False

A used vehicle inspection typically costs about $500.

• True

• False

Kelley Blue Book publishes a popular vehicle pricing guide for new & used cars.

• True

• False

You should negotiate the price for a new car separately from the price of your trade-in.

• True

• False

You will probably get more money for your used car if you sell it yourself rather than trading it in at a dealership.

• True

• False

 Most car buyers pay cash for their cars to avoid interest charges.

• True

• False

 Most people spend more of their income on transportation than on any other item.

• True

• False