Buying a Car Quiz

Technician A says when you buy a car your car starts to depreciate as soon as you drive off the lot. Technician B says the cost to lease a vehicle is cheaper than buying a vehicle. Who is correct?

• Technician A
• Technician B
• Both Technician A and Technician B
• Neither Technician A nor Technician B

Technician A says when buying an automobile you should put down at least 20% of the total cost. Technician B says you should figure out all of the expenses of owning an automobile before purchasing one. Who is correct?

• Technician A
• Technician B
• Both Technician A and Technician B
• Neither Technician A nor Technician B

Technician A says it will save you money if you get a high interest rate from a bank on the loan. Technician B says it is always better to lease a car than to own one. Who is correct?

• Technician A
• Technician B
• Both Technician A and Technician B
• Neither Technician A nor Technician B

Technician A says add-ons such as extended warranties and fabric protection are free when buying a used car. Technician B says that it is always better to have a dealership install accessories (e.g., bug deflectors, mud flaps). Who is correct?

• Technician A
• Technician B
• Both Technician A and Technician B
• Neither Technician A nor Technician B

Technician A says all cars have the same safety features and should not be a concern for a new car buyer. Technician B says you should take your time to complete research on the safety features on the vehicle before purchasing one. Who is correct?

• Technician A
• Technician B
• Both Technician A and Technician B
• Neither Technician A nor Technician B

A excellent credit score should be __________?

• 300
• 500
• 700
• 850

What is the name of this image?

• Dealer Sticker
• Monroney Label
• Dealer Invoice
• Manufacture Label

What is the best safety rating from NHSTA?

• 1 Star
• 3 Star
• 5 Star
• 10 Star

A realistic interest rate on a new automobile loan is _____%.

• 2
• 10
• 15
• 20

Which of the following is not a common place to purchase an automobile?

• car dealerships
• world wide web
• farmer’s market
• private parties