Buying a Car/House Quiz

What is an auto dealership?

• A place that repairs cars

• A business that sells new or used cars

• A company that manufactures cars

• A service that provides car insurance

What does an auto lease involve?

• Buying a car outright

• Making monthly payments to use a car for a certain time

• Renting a car for a day

• Selling a car to a dealership

What is a bumper-to-bumper warranty?

• A warranty that covers only the engine

• A comprehensive plan that covers most car parts for a limited time

• A warranty that covers only the tires

• A plan that covers car parts indefinitely

What is "Buy-Here, Pay-Here" financing?

• A loan from a bank

• An auto loan financed by the dealership

• A loan from a credit union

• A personal loan from a friend

What is a certified pre-owned car?

• A new car with a warranty

• A used car that has been inspected and certified by the manufacturer

• A car that has been used for racing

• A car that is sold without any warranty

What does depreciation refer to?

• An increase in value

• A decrease or loss in value

• A stable value over time

• A temporary increase in value

What is an extended warranty?

• A warranty that lasts forever

• A service contract for repairs after the manufacturer warranty expires

• A warranty that covers only the tires

• A warranty that covers only the paint

What does financing mean in the context of buying a car?

• Paying cash upfront

• Buying an item with credit and paying it back over time with interest

• Trading in an old car

• Leasing a car for a short period

What is the term for how far your car can travel with a certain amount of fuel?

• Hybrid Car

• Fuel Efficiency

• Insurance Premium

• Trade-In Value

Which type of car has both a gasoline engine and an electric motor?

• Used Car

• Hybrid Car

• Powertrain Warranty

• Manufacturer's Warranty