Car Ownership and Operating Costs

The video tutorial discusses the various costs associated with owning and maintaining a car. It categorizes these costs into standing costs, such as registration, insurance, depreciation, and loan interest, which remain constant regardless of car usage. Additionally, it covers on-road costs like roadside assistance and operating costs, which increase with car usage, including petrol and servicing. The tutorial emphasizes the importance of understanding these costs for effective car ownership and financial planning.

What are standing costs in relation to car ownership?

• Costs associated with car accidents

• One-time costs when purchasing a car

• Costs that remain constant regardless of car usage

• Costs that vary with car usage

How often must car registration typically be renewed?

• Every 2 years

• Every 5 years

• Every 12 months

• Every 6 months

What is depreciation in the context of car ownership?

• The cost of car insurance

• The cost of car repairs

• The decrease in car value over time

• The increase in car value over time

What is the term for the cost of borrowing money to buy a car?

• Loan interest

• Loan penalty

• Loan subsidy

• Loan principal

What is roadside assistance?

• A service for car breakdowns on the road

• A service for car insurance

• A service for car repairs at home

• A service for car cleaning

Which of the following is NOT considered an on-road cost?

• Registration

• Roadside assistance

• Insurance

• Depreciation

What are operating costs in relation to car usage?

• Costs that decrease with more car usage

• Costs that increase with more car usage

• One-time costs when purchasing a car

• Costs that remain constant regardless of car usage

Which of the following is an example of an operating cost?

• Car insurance

• Loan interest

• Depreciation

• Petrol

Why is regular car servicing recommended?

• To comply with legal requirements

• To prevent breakdowns and maintain performance

• To reduce insurance premiums

• To increase the car's resale value

What happens to a car battery if the car is not driven for a long time?

• It remains fully charged

• It increases in capacity

• It may go dead

• It charges itself automatically