Chapter 14

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

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

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

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

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A used vehicle inspection typically costs about $500.

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

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

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

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• False

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

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• False

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

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• False