Buying A Car

Buying A Car

12th Grade

32 Qs

quiz-placeholder

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Buying A Car

Buying A Car

Assessment

Quiz

Life Skills

12th Grade

Medium

Created by

Kaylee Stevens

Used 1+ times

FREE Resource

32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the advantages of buying a used car as mentioned in the article?

It is more enticing than buying a new car.

It can save you thousands upfront and over cycles of ownership.

It is recommended by the National Automobile Dealers Association.

It allows you to own more cars in a lifetime.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the article, how many cars does the average person own in a lifetime?

13 cars

30 cars

10 cars

20 cars

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average cost of a car according to the report by the National Automobile Dealers Association?

$30,000

$20,000

$40,000

$50,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much can you save during your lifetime by buying cars that are 3 years old instead of new, according to the image?

$30,000

$60,000

$130,000

$15,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the financial term used in the image to describe the loss of a car's value over time?

Inflation

Depreciation

Interest

Deflation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the image, how much does a new $30,000 car lose in value after just one minute?

$3,000

$6,000

$9,000

$15,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the depreciation cost of a used car after three years if it was bought for $15,000 and later sold for $10,000?

$5,000

$10,000

$15,000

$20,000

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