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WorksheetsBuying a Car Terms
Total questions: 13
Worksheet time: 26mins
sum of costs in order to purchase, operate, and maintain a vehicle
lease
downpayment
total cost of ownership (TCO)
seller
a car that is unsatisfactory or has defects. a buyer often does not know about the defects.
trim
lemon
horsepower
warranty
different versions of the same car that include or do not include specific features
total cost of ownership (TCO)
insurance
trim
warranty
the power the engine makes is compared to the power of a horse. the more power, the faster your car can accelerate or the heavier the weight it can carry.
horsepower
trade-in
lemon
MSRP
if you are willing to give your car to the dealer in exchange for a new car, you can often get a better price
lease
VIN
warranty
trade-in
manufacturer's suggested retail price. price that car builders say the car should be sold at.
downpayment
MSRP
MPG
total cost of ownership (TCO)
a long term rental of a car. you need to pay monthly payments for the vehicle and it must be returned at the end of the contract.
seller
lemon
lease
downpayment
most people cannot afford to pay for a new car in one day. you pay the cost over time, but sellers require a certain amount of money the day you buy it.
downpayment
VIN
insurance
seller
the person/company that is selling the car. this could be a person or a dealership.
seller
total cost of ownership (TCO)
MPG
warranty
miles per gallon - the amount of miles (distance) a car can drive on one gallon of gasoline or fuel
MPG
warranty
trade-in
MSRP
there is a manufacturer's warranty and an extended warranty. the dealer will cover SPECIFIC issues with the car even after you buy it. they will pay for some issues for a certain amount of time
warranty
VIN
horsepower (HP)
downpayment
vehicle identification number. every single car ever made has its own.
VIN
lemon
trade-in
trim
every car and driver must have car insurance to legally drive in Illinois. driving without this or getting into an accident without this can be EXTREMELY costly.
insurance
MSRP
lease
downpayment
