Buying a Car

To properly determine how much you can afford to spend on a car, you will need to

• ask a car dealership how much you can afford

• lease a car first

• understand the cost to operate a car

• all of the above

Car operating expenses that you should be aware of are

• maintenance and repairs

• gasoline and insurance

• license, taxes, and registration fees

• all of the above

A disadvantage of buying a new car

• that you get a warranty

• instant depreciation

• low maintenance costs

• all of the above

A disadvantage of buying a used car is

• higher loan costs or interest

• higher maintenance and repair costs

• none or a limited warranty

• all of the above

Before purchasing a car, you should

• be aware of the true cost of car ownership

• determine how much you can afford to spend

• research the different cars

• all of the above

An advantage of buying a used car is a

• lower purchase price and less depreciation

• higher maintenance and repair costs

• higher purchase price and more depreciation

• none of the above

When researching a car, you will want to compare the

• different cars available and expert reviews

• options offered and the quality of each car

• prices

• all of the above

If you need to finance the purchase of a car, you should

• get a loan at the car dealer

• get preapproved for a car loan at a bank

• borrow money from your parents

• none of the above

When negotiating for a new car, you want to negotiate as close as you can to the

• manufacturer's suggested retail price (MSRP)

• lease price

• dealer's invoice price

• all of the above

At a car dealer, the business manager is a trained salesperson, and they

• only help you complete forms

• make sure you don't overpay

• will aggressively try to sell you "extras"

• none of the above