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WorksheetsPurchasing a car
Total questions: 14
Worksheet time: 7mins
The average car down payment is ___%
10
25
18
20
The majority of auto loan terms are:
49-60 months
61-72 months
24-48 months
12-23 month
What time frame does depreciation occur on a new car?
when you drive it off the lot
1 month
1 year
when you get in a wreck
Which is typically better to get the lowest monthly payment?
zero % financing
48-60 month loan
cash rebate
24-47 month loan
On average people tend to spend (a) % of their gross income on a car.
What factors are included in car insurance pricing?
drivers age
where you live
automobile type
year automobile made
Should a person tell the dealer how much you can afford monthly?
Yes, honesty is the best policy
No way, too many disguises
It is a good idea to check with your bank about APR
% rates ___________ shopping.
before
after
during
none of the above
Invoice pricing is what the dealer paid for that car.
True
False
The 180 turn applies to the:
seller
Buyer
Bank
Dealer
Buying a used car can save you up to ________ on overall ownership and expenses.
25%
80%
50%
60%
The Federal 3-Day Cooling Off Rule applies to new, not used vehicles
True
False
Invoice price and base price are identical.
True
Fasle
The average cost of a new car is _____________.
$15K
$25K
$30K
$10K
