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WorksheetsCars Vocab Quiz
Total questions: 20
Worksheet time: 8mins
Name
Class
Date
1.
The amount of money you pay upfront for a car.
a)
Monthly Payment
b)
APR
c)
Down Payment
d)
Premium
2.
The manufacturer's initial charge but not the final cost to the dealer.
a)
MSPR
b)
Dealer Sticker Price
c)
Dealer Cost
d)
Invoice Price
3.
The steady decline in the resale value of any vehicle that you buy.
a)
Depreciation
b)
Cost of the Loan
c)
Credit Score
d)
APR
4.
When you owe more on your vehicle than what it is worth.
a)
Deductible
b)
Upside-down
c)
Bait and Switch
d)
Premium
5.
The score that evaluates your credit-worthiness and determines the rate of interest you are eligible to receive
a)
Credit Score
b)
VIN
c)
Invoice Price
d)
Dealer Cost
6.
The practice of advertising a car at an unrealistically low price, then switching a customer to a different vehicle at a higher price.
a)
Factory-to-dealer Holdbacks
b)
Factory-to-dealer Incentives
c)
Cost of the Loan
d)
Bait and Switch
7.
Amount of money you will have to pay back in addition to the money you borrowed.
a)
Deductible
b)
Premium
c)
Budget
d)
Cost of the Loan
8.
An insurance policy that will pay your loan obligation if you die or are disabled.
a)
Collision & Comprehensive Insurance
b)
Credit Life Insurance
c)
Uninsured or Underinsured Motorist Insurance
d)
GAP Insurabce
9.
Covers bodily insurance or property damage that YOU cause to another person and/or vehicle.
a)
Collision & Comprehensive Insurance
b)
GAP Insurance
c)
Uninsured or Underinsured Motorist Insurance
d)
Liability Insurance
10.
If your car is totaled or stolen, the insurance covers the loan value of your car instead of the car's current market value
a)
Uninsured or Underinsured Motorist Insurance
b)
Liability Insurance
c)
GAP Insurance
d)
Collision & Comprehensive Insurance
11.
The amount of money you pay for your insurance policy.
a)
APR
b)
Premium
c)
Credit Score
d)
Extended Warranty
12.
A set amount of money that you, the insured must pay before an insurance company will pay for a loss.
a)
Budget
b)
GAP Insurance
c)
Factory Warranty
d)
Deductible
13.
A car that has passed through the dealer's mechanical and physical inspection.
a)
Lemon
b)
Certified Used Car
c)
APR
d)
Extended Warranty
14.
A vehicle that continues to have a defect that substantially impairs its use, value, or safety.
a)
Deductible
b)
Lemon
c)
Premium
d)
ASE Certified Mechanic
15.
Covers bumper-to-bumper damages after the original factory warranty expires.
a)
Dealer Sticker Price
b)
Dealer Holdback
c)
GAP Insurance
d)
Extended Warrananty
16.
The true cost of the vehicle to the dealer after subtracting holdbacks and rebates from the invoice price
a)
Dealer Cost
b)
MSPR
c)
Dealer Sticker Price
d)
Factory-to-Dealer Incentives
17.
Original warranty on a new car and usually lasts for three years or 36,000 miles
a)
Factory-to-Dealers Holdbacks
b)
Factory-to-Dealer Incentives
c)
Factory Warranty
d)
Extended Warranty
18.
The cost of the car without options but includes standard equipment and factory warranty.
a)
Dealer Sticker Price
b)
Base Price
c)
MSPR
d)
APR
19.
The annual percentage rate for a loan. Also known as the interest rate.
a)
Base Price
b)
Invoice Price
c)
MSRP
d)
APR
20.
A plan for spending and saving money during a particular period.
a)
Budget
b)
APR
c)
Credit Score
d)
Factory Warranty
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