Car Purchase Decision-Making Strategies

Wall-E, a gullible character, attempts to buy a car but faces various sales tactics like bait and switch and upselling. He learns about the importance of understanding loan terms and making informed decisions. Ultimately, Wall-E decides to wait for the right car, emphasizing the need for financial literacy in car buying.

What does it mean to be gullible?

• To be easily manipulated

• To be very intelligent

• To be highly skeptical

• To be extremely cautious

What is the bait and switch tactic?

• Offering a discount on a car

• Providing free add-ons with a purchase

• Offering a car with a longer warranty

• Switching a customer to a more expensive car

What is the purpose of the upsell tactic?

• To provide a free service package

• To add unnecessary features to increase the price

• To reduce the overall cost of the car

• To offer a better financing option

How can a dealer offer a lower monthly payment?

• By offering a smaller car

• By increasing the down payment

• By extending the loan term

• By reducing the interest rate

What happens to the total interest paid if the loan term is extended?

• It is waived off

• It increases

• It remains the same

• It decreases

Why is it important to know the loan term when offered a monthly payment?

• To get a better insurance rate

• To understand the total cost of the loan

• To qualify for a loyalty program

• To ensure the car is delivered on time

What should Wall-E do to avoid being manipulated in future car purchases?

• Avoid using a payment calculator

• Accept all add-ons offered

• Be firm on the car model he wants

• Agree to the first offer given

What is Wall-E's final decision regarding the car purchase?

• He decides to buy a different car

• He decides to wait for the KA7

• He decides not to buy a car at all

• He decides to buy the JJ Cramer

What is a key takeaway from Wall-E's experience?

• Always choose the most expensive option

• Avoid buying cars from dealerships

• Be informed and firm in negotiations

• Always accept the first offer

What should Wall-E use to calculate his monthly payments?

• A payment calculator

• A random guess

• A dealership brochure

• A friend's advice