leasing vs buying car

leasing vs buying car

9th - 12th Grade

48 Qs

quiz-placeholder

Similar activities

ONLINE QUIZ FOR G K MASTER SERIES-2 (04.10.2020)

ONLINE QUIZ FOR G K MASTER SERIES-2 (04.10.2020)

6th - 12th Grade

50 Qs

FFC 11 IPA 1,2,3

FFC 11 IPA 1,2,3

9th - 12th Grade

50 Qs

RANKING 1

RANKING 1

7th - 11th Grade

50 Qs

SOAL PAT BHS INGGRIS KELAS X (2023)

SOAL PAT BHS INGGRIS KELAS X (2023)

10th Grade

50 Qs

DASAR DASAR PERBANKAN

DASAR DASAR PERBANKAN

10th Grade

50 Qs

LATIHAN SOAL PAS

LATIHAN SOAL PAS

11th Grade - University

50 Qs

Komputer Akuntansi (MYOB)

Komputer Akuntansi (MYOB)

11th Grade

50 Qs

FLOOR SYSTEMS

FLOOR SYSTEMS

9th - 12th Grade

52 Qs

leasing vs buying car

leasing vs buying car

Assessment

Quiz

Other

9th - 12th Grade

Hard

Created by

Fritz Mathurin

Used 6+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

48 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A term that describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought, is:
car financing
car ownership
car maintenance
car leasing

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image
Given are lease terms at the local dealership.
What is the total cash due at signing(including the first month's payment)? 
$2875
$2475
$2275
$375

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

The simplified formula for calculating monthly lease payment is:
acquisition fee + down payment
depreciation fee + finance fee
MSRP - down payment
MSRP + lease factor

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Someone might choose to own a car instead of leasing a car because:

it will be less expensive

it will be more expensive

it could lead to lower repair expenses

it could be sold later on to make some money back on the vehicle

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A car is a(n) ________________________ asset.

appreciating

depreciating

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Car leases usually have:

unlimited terms

minimum mileage agreements

maximum mileage agreements

none of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cars typically lose the most value in the second year after they are purchased.

true

false

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?