Car

If purchasing a new car is not economically feasible, one can lease a car and typically enjoy lower monthly payments.

• True

• False

It is extremely important for a consumer to get the out the door price before committing to purchasing a vehicle.

• True

• False

Select all of the following GOOD ADVICE for car purchases...

• Always invest more money than your monthly car payment.

• Negotiate your car purchse

• Test drive your car

• Forget extras like heated seats and sunroofs

A long term rental of a car. You need to pay monthly payments for the vehicle and it must be returned at the end of the contract.

• seller

• lemon

• lease

• downpayment

What are the three major costs associated with owning a car according to James?

• Maintenance, taxes, and fuel

• Fuel, insurance, and taxes

• Insurance, maintenance, and financing

• Financing, taxes, and insurance

vehicle identification number. every single car ever made has its own.

• VIN

• lemon

• trade-in

• trim

What do you need to know about buying a car?

• How to select the right car

• The costs associated with having a car

• How to obtain suitable insurance

• All of the above

What is the primary purpose of a car in modern society?

• Transportation

• Entertainment

• Decoration

• Investment

Which of the following is a common environmental concern associated with cars?

• Air pollution

• Water pollution

• Deforestation

• Noise pollution

What is a common financial consideration when buying a car?

• Interest rates on loans

• Color of the car

• Brand of the car

• Number of seats