Car Buying Quiz

What is the average price of a new car in the U.S. in 2024?

• $30,000

• $45,000

• $60,000

• $75,000

What economic factor can affect the cost of auto loans?

• Election results

• Interest rates

• Television ratings

• Weather patterns

Which of the following is a benefit of leasing a car?

• No mileage restrictions

• Lower initial down payment

• Ownership of the car

• Increasing asset value

What should you always do before deciding to purchase a car?

• Test drive the car

• Buy new tires

• Paint the car

• Change the oil

What is NOT a factor that could influence the interest rate you qualify for on an auto loan?

• Your favorite color

• Your credit score

• Your income

• Down payment amount

Why might 2024 be a good time to buy a car?

• Prices are the highest ever

• Prices are expected to stabilize

• There are fewer cars available

• Interest rates are at an all-time high

What is an important step in the car buying process?

Which expense is directly related to owning a car?

• Movie tickets

• Maintenance costs

• Gym membership

• Groceries

What should you research before choosing a car?

• Celebrity gossip

• Local sports teams

• Safety ratings and fuel efficiency

• Best coffee shops

What additional costs should be considered when buying a car?

• Taxes and insurance

• Birthday gifts

• Vacation expenses

• Home rent