Buying a car

In What 3 states is it most expensive to own a car

Which cost is associated with Maintenance of a car?

• Headlight

• Radio

• Windows

• Oil change

Depreciation is the reduction in __________ of an asset over time.

How are lease payments determined?

• Your lease payment covers only the interest on the loan

• Your lease payment covers the depreciation of the vehicle + interest

• Your lease payment covers the overall maintenance on the vehicle.

• Your lease payment covers principal on the loan+ interest

Buying a New car is always better than buying a used car.?

• True

• False

Every New vehicle is covered but it’s only for a limited time and mileage.

• Rebate

• Interest rate

• Sticker price

• Limited warranty

A business that sells new or used cars?

• Krogers

• Dealership

• Parents

• Cousine

An Agreement where an individual makes monthly payments to use a car for a certain length of time instead of purchasing the car.

• Partnership

• Ownership

• Lease

• Purchase

An auto loan that is financed by the dealership in which the dealership may place a device on your vehicle to disable your vehicle if you miss a payment.

• Buy Here, Pay Here

  Financing

• Captive Finance

• Bank

• Credit union

Ford Credit, Toyota Financial, GM Financial are examples of what type of Finance?

• Group Finance

• Amazon

• Captive Finance Company

• Rightway