Understanding Car Buying

Understanding Car Buying

11th Grade

10 Qs

quiz-placeholder

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Understanding Car Buying

Understanding Car Buying

Assessment

Quiz

Mathematics

11th Grade

Medium

Created by

Kevin McMahon

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step Mya takes in the car buying process?

Comparing car models online

Checking her budget

Calling insurance companies

Visiting a dealership

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should the down payment on a car be based on according to some sources?

At least 5% of the total price of the car

At least 10% of the total price of the car

The monthly income of the buyer

The credit score of the buyer

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Frankie do to negotiate his loan rate?

He improves his credit score

He pays a larger down payment

He gets pre-qualified for an auto loan

He offers to buy a more expensive car

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the benefit of paying the full price of the car upfront?

It includes all future maintenance costs

It eliminates the need for insurance

It reduces the total cost by avoiding interest

It automatically extends the warranty

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an important factor to consider when shopping for loans?

The color of the car

The dealership's location

Negotiating the terms of the loan

The make of the car

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to have the car inspected before purchase?

To ensure it matches the color you want

To verify safety and emissions standards

To negotiate a lower down payment

To extend the warranty period

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if a car doesn't pass inspection?

Buy it at a discounted price

Consider it for parts only

Avoid purchasing it

Pay for the repairs upfront

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