Car Buying Costs and Fees

Car Buying Costs and Fees

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Sophia Harris

FREE Resource

The video tutorial discusses the various costs associated with buying a car, focusing on three main groups: the government, dealerships, and insurers. It explains the retail price of the car, dealer delivery charges, and government fees like registration and stamp duty. The tutorial aims to provide a comprehensive understanding of the financial aspects involved in purchasing a vehicle.

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group takes the largest share of money when buying a car?

Government

Dealership

Banks

Insurers

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a group that takes money during a car purchase?

Dealership

Government

Insurers

Mechanics

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used for the price of the car itself?

Insurance premium

Stamp duty

Retail price

Dealer delivery

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does 'dealer delivery' refer to?

The cost of insuring the car

The cost of registering the car

The cost of transporting the car to the buyer

The cost of manufacturing the car

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the 'drive away' price?

To include only the retail price

To include both retail price and dealer delivery

To include insurance costs

To include registration fees

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might a car buyer need to pay dealer delivery?

To cover the cost of a safety check

To cover the cost of registration

To cover the cost of transporting the car to the buyer

To cover the cost of car insurance

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the informal name for car registration?

Green slip

Blue slip

Pink slip

Yellow slip

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