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Personal Finance Car quizziz

Total questions: 8

Worksheet time: 7mins

Name
Class
Date
1.

What percentage of the car value

should you be able to put down for the down payment

a)

21%

b)

50%

c)

20%

d)

17%

2.

How many years should you be able to

pay your car off in

a)

3

b)

1

c)

2

d)

5

3.

What percentage of your income should

you use for your car payment?

a)

8

b)

8%-10%

c)

8%

d)

9%

4.

If you buy a luxury car

how long should your term length be?

a)

3 years

b)

1

c)

2 years

d)

one year

5.

How do you get the best auto-loan

a)

None of the

available

b)

Check with multiple providers, check credit score

c)

ask your bank

d)

trust the dealer

6.

What type of car should you get?

a)

one that holds value

b)

the cool one

c)

Land Rover Range Rover Evoque 2.0 TD4 E-Capability 4x4 HSE Dynamic

d)

the prius

7.

What are the strategies that will save you money

when buying a car?

a)

large down payment

b)

high interest rate

c)

low interest rate

d)

pay in cash

8.

Draw your dream car