Buying a Car Vocab

What part of the car measures the distance traveled by a vehicle?

• Speedometer

• Odometer

• Clean Title

What officially certifies that a vehicle can legally be driven on public roads; this connects a vehicle to the state and the vehicle owner.

• Clean Title

• Registration

• Negotiable

What type of insurance is the basic insurance that all states require for all drivers; will cover you and the other car if you get in an accident?

• Comprehensive Insurance

• Liability

  Insurance

What type of insurance will pay for your repairs in an accident (and the other car you damage?) This insurance is more expensive.

• Comprehensive Insurance

• Liability Insurance

What is the amount you pay every month (or whatever time frame you decide) for your car insurance?

• Premium

• Deductible

What is the amount you pay BEFORE your insurance plan starts to pay? Common amounts are $500, $1,000, $2,500 or $5,000.

• Premium

• Deductible

What is the interest rate on a loan called?

• APR-Accrued Percent Range

• APR-Annual Percentage Rate

• APR-Annual Primary Rate

• APR-Annuity Preliminary Record

Which is the term for the reduction of value in the car over time usually based on the wear and tear caused by driving the car

• Principal

• True Market Value

• Warranty

• Depreciation

• none of these

The money you pay upfront when getting a car loan is called the...

• principal

• down payment

• interest

• APR

This is the company that makes the cars we drive (Ford, Toyota, etc.)

• msrp

• model

• Amazon

• manufacturer