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WorksheetsCar-Buying Basics (Videos 1-3)
Total questions: 14
Worksheet time: 7mins
How many steps are in the car-buying process as discussed in the first video segment "The Process"?
Seven
Six
Five
Four
Which of the following is the first step in the car-buying process as discussed in the first video segment?
Determine budget
Research options
Prioritize needs
Locate preferred vehicle
Which of the following is the last stop in the car-buying process as discussed in the first video segment?
Determine budget
Negotiate purchase
Examine vehicle
Locate preferred vehicle
Which of the following websites is NOT a source recommended in the first video segment?
www.autonation.com
www.kbb.com
www.edmunds.com
www.nadaguides.com
Which of the following websites is the National Automobile Dealers Association website?
www.autonation.com
www.kbb.com
www.edmunds.com
www.nadaguides.com
Which type of vehicle is a smaller version of a sedan?
Wagon
Van
SUV
Coupe
Which type of vehicle is sometimes also referred to as a weekender?
Wagon
Motorcycle
Pickup truck
Coupe
Which type of vehicle is one of the most suitable vehicles for hauling, towing and off-roading?
Wagon
Van
Pickup truck
Sedan
Len Caron said if you decide to get a used car, you should make sure it is a dependable model by checking which of the following?
CarMax
Consumer Reports
Auto Trader
Kelly Blue Book
According to the segment, your total automotive expenses should NOT exceed what percentage of your take-home pay?
10 percent
20 percent
30 percent
40 percent
Which type of auto insurance is required by law in most states?
Liability
Collision
Comprehension
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. According to Raegan Sisemore, what could she 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-buyer (co-signer) with good credit, such as a parent
Open at least three other credit accounts at the same time
Raegan Sisemore said 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 downpayment
Which of the following is NOT a possible consequence of buying a car which is beyond your means as discussed in the segment?
Inability to pay bills
Temporary incarceration
Repossession of the vehicle
Decline in credit scores
