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WorksheetsBuying a New Car Vocabulary & More
Total questions: 11
Worksheet time: 8mins
The APR-Annual Percentage Rate is the ______________ rate on a loan.
Principal
Interest
Make
Down Payment
When borrowing money from a bank, the ________________ is the amount of your monthly car payment that goes towards paying off your loan after interest has been deducted
Principal
Income
MPG
MSRP
The (a) in a value of the car over time usually based on the wear and tear caused by driving the car is called depreciation.
The money you pay to the banker or car dealership upfront when getting a car loan is called ...
the interest rate
the depreciation
the down payment
the non-payment
The brand or company that made the car 🚘 is called ...
Model
Moral
Median
Make
______ _______ ________ or MPG is the measure how far a car can travel using exactly one gallon of gas.
(a)
(a) refers to a specific vehicle name within a make, such as the Ford Mustang, Honda Accord, or Toyota Corolla.
True Market Value has the following components
price of the car
includes fees & other charges
depreciation value
are not included in the advertised price
A (a) is the assurance that your car will be protected from any major issues with the car 🚘 in case something happens before the number of years you own the car or the number of miles you drive it.
This is the starting point in negotiations at a car dealership. It is the amount that a car manufacturer advises dealers to charge.
MPG
Manufacturer's Suggested Retail Price
Annual Percentage Rate
Warranty
True Market Value is the ...
price of the car that includes fees and other charges not added to the price of the car; often not included in the advertised price
miles per gallon as measured by one gallon of gas
MSRP
annual percentage rate of a loan
