Financing a Car

Before you can FINANCE a car, dealers must

• Ask your mom

• check credit score

• check your monthly payments

• check your interest rate

When you want to make monthly payments on a car, you want to what a car?

the higher your credit score, the

• higher your interest rate

• higher your monthly payment

• lower your interest rate

• lower your credit score

Before you accept a trade in offer, you should check your car's value on

• Bluetooth

• The Blues

• Kelley Blue Book

• Melly Blue Book

Fair credit usually starts around

• 600

• 450

• 620

• 580

Another term for credit score is the what score?

It's usually best to tell the dealer that you want to trade a car in BEFORE you get a good price on the car you want.

• TRUE

• FALSE

The method of financing a car we learned was called the what?

• Diamond method

• 4 square method

• Layout method

• Mahan Method

Always ask the dealers questions about taxes and fees.

• TRUE

• FALSE

Money you pay before you begin financing a vehicle is called the