Car Buying Vocabulary

What is the first payment you pay for a car before you get a loan?

• Down Payment

• Monthly Installment

• Final Payment

• Insurance Fee

What is the Manufacturer’s price, a starting point for negotiation, where sometimes you pay less or more depending on the demand of the vehicle?

• MSRP

• Invoice Price

• Sticker Price

• Retail Value

What does MPG stand for in relation to cars?

• Miles per Gallon

• Meters per Gram

• Maximum Power Gain

• Motor Performance Grade

What term describes how long (in months) you will pay the car loan?

• Loan Term

• Interest Rate

• Down Payment

• Credit Score

What is Kelley Blue Book (KBB) a useful tool for?

• Finding car’s values

• Booking airline tickets

• Cooking recipes

• Learning a new language

What is the most common type of car, with 4 doors and 5 seats, that typically has good gas mileage?

• Sedan

• Convertible

• Pickup truck

• Coupe

What is the smaller version of a sedan, with two doors, and some have large engines?

• Coupe

• SUV

• Hatchback

• Minivan

What type of car is like a sedan, but with a hatchback-style trunk space, and is not as popular because of its appearance and lack of privacy in the cargo space?

• Wagon

• Convertible

• Coupe

• SUV

What does SUV stand for and what is it great for?

• Sports Utility Vehicle; great for driving in the mountains because they have all wheel drive.

• Super Urban Vehicle; great for city driving because they are compact.

• Standard Utility Van; great for transporting goods in the city.

• Small Utility Vehicle; great for saving fuel on highways.

What type of vehicle is large and heavy, most suitable for hauling, has a cab for passengers and a flatbed for cargo?

• Pick-up truck

• Sedan

• Motorcycle

• Convertible