
Car Affordability and Financial Tips Quiz

Interactive Video
•
Business
•
9th - 12th Grade
•
Hard
Jennifer Brown
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the average new vehicle transaction price in the U.S. as of last month?
$60,000
$50,000
$47,244
$35,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average auto loan term mentioned in the video?
84 months
68 months
36 months
48 months
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average APR for a new car at the best credit score level?
5.64%
6.5%
4.5%
3.5%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the 20/4/10 rule, what percentage of your gross monthly income should your total transportation costs be?
20%
15%
10%
5%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the required gross income to afford a new car using the 35% rule?
$200,000
$150,000
$130,000
$100,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of households in America make more than $150,000?
10%
21%
30%
40%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of buying an electric vehicle according to the video?
Higher maintenance costs
Lower initial purchase price
No federal tax credit
Limited inventory
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