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Worksheetscar buying experience
Total questions: 15
Worksheet time: 15mins
How many steps are in the car-buying process?
7
6
5
4
Which of the following is the first step in the car-buying process
determine budget
research options
prioritize needs
located preferred vehicles
Which of the following is the last step in the car-buying process?
determine budget
negotiate purchase
examine vehicle
locate preferred vehicle
Which type of vehicle is a smaller version of a sedan?
wagon
van
suv
coupe
Which type of vehicle is one of the most suitable vehicles for hauling, towing and off-roading?
wagon
van
pickup truck
sedan
Your total automotive expenses should NOT exceed what percentage of your net pay?
10%
20%
30%
40%
Which type of auto insurance is required by law in most states?
liability
collision
comprehensive
personal Injury
Sylvia is a first-time car buyer without an established credit history, so she is going to be charged a high interest rate. What could she possibly do to get a lower interest rate?
agree to a lease term of more than five years
take a financial literacy class at a local college
Get a co-signer with good credit, such as a parent
open at least three other credit accounts at the same time
When you lease a car, you are basically paying for which of the following?
value plus interest
value plus endorsement
rent plus depreciation
rent plus down payment
What job might it be a good idea to consider leasing a vehicle instead of buying?
Real Estate Agent
Lawyer
Consultant
All of the Above
Which of the following is NOT a possible consequence of buying a car which is beyond your means to repay?
inability to pay bills
temporary incarceration
repossession of the vehicle
decline in credit score
Invoice price is sometimes also referred to as which of the following?
true market value
dealer cost
sticker price
out the door price
Which of the following is least important when test-driving a vehicle for safety?
driving over bumps, testing the suspension
testing the brakes
listening to the radio
driving on the highway
Extended warranties are also referred to as which of the following?
service contracts
mechanical add-ons
manufactures' guarantees
incentives
How do you know when you have leverage in a car buying experience
when you can walk away from the deal
when that car is your only option
when you kind of like the vehicle
when really need a new vehicle
