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Buy, lease, rent a car

Authored by Hillary Williams

Financial Education

9th Grade

Used 2+ times

Buy, lease, rent a car
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8 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

James King is shopping for a sports utility vehicle with a base price of $28,170.00. He wants to add the following options: sports tires for $350, luxury floor mats for $489, and floor mats for $150. The destination charge is $950. What is the sticker price?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Carolyn Cho is shopping for a used car that has an average retail value of $12,325. The vehicle that she would like to make an offer on has a sunroof which adds $250. The vehicle has been driven 72,365 miles. The used-vehicle guide indicates that $1,250 should be deducted for the mileage. What is the average retail price that she should keep in mind when making her offer?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

Leah Talbot is shopping for a new luxury sedan that has a base price of $51,789, options totaling $1,780, and a destination charge of $925. The dealer pays 89% of the base price and 80% of the options price. She wants to know the dealer's cost before she makes an offer on the vehicle. What is the dealer's cost?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Jerry Taylor has a driver rating factor of 4.1. He is charged $228.40 for liability insurance, $62.00 for comprehensive insurance, and $204.00 for collision insurance. What is his annual base premium?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Kayla Green tracked her spending on fixed and variable costs last year. Her variable costs included $2,876.00 on gasoline, $75.00 on oil changes, and $537.99 on maintenance. Her fixed costs included $1,645.00 on insurance, $61.30 on license and registration fees, and a depreciation of $1,500.00. Calculate her total variable and fixed costs last year.

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

Joe Manton leased a minivan. He pays $350.00 per month for 24 months. His deposit was $1,999.00. He paid $207.54 title fees and a $389.01 license fee. What is his total lease cost?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

Julian Aquino drove his truck 13,110 miles last year. His variable costs included $4,016.70 on gasoline, $120.75 on oil changes, and $798.00 on maintenance. His fixed costs included $2,610.85 on insurance, $180.51 on license and registration fees, and depreciation of $675.00. Find the total costs.

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