Auto Loans and Maintenance Quiz Review

What is the best time to get credit pre-approval?

• Before you visit the car dealer

• During price negotiation on the car

• After you purchase the car

• Once a year

Which of the following would NOT be considered a dealer add-on?

• Dealer Preparation

• Car Detailing

• Mud Flaps

• Tune-up

The single greatest cost of owning a new car is?

• Fuel

• Depreciation

• Insurance

• Car payment

Which of these would not be covered by warranty?

• Drive Train

• Engine

• Tune-up

• Transmission

What is the first step in buying a car?

• Get credit pre-approved

• Determine what you can afford

• Identify your needs and wants

• Decide whether to buy new or used

A legal document that establishes ownership is called?

• Claim

• Warranty

• Title

• License

You can learn the history of any car from its

• Vehicle Indemnity Number

• Vehicle Insurance Number

• Vehicle identity Number

• Vehicle Identification Number

What is the test called that verifies that a vehicle meets the minimum clean-air standards?

• Vehicle maintenance test

• Clean-air test

• Emissions test

• Carbon dioxide test

Monthly car payments should be no more than _____ percent of the money you have left after paying all of your other expenses.

• 5

• 10

• 20

• 30

With a vehicle’s VIN, you can determine all of the following except

• the mileage readings each time the vehicle was sold.

• how many times the vehicle has been sold.

• how quickly the vehicle can go from 0 to 60 MPH.

• whether the vehicle has been in a serious accident.