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WorksheetsBuying a car
Total questions: 15
Worksheet time: 9mins
In What 3 states is it most expensive to own a car
(a)
Which cost is associated with Maintenance of a car?
Headlight
Radio
Windows
Oil change
Depreciation is the reduction in (a) of an asset over time.
How are lease payments determined?
Your lease payment covers only the interest on the loan
Your lease payment covers the depreciation of the vehicle + interest
Your lease payment covers the overall maintenance on the vehicle.
Your lease payment covers principal on the loan+ interest
Buying a New car is always better than buying a used car.?
True
False
Every New vehicle is covered but it’s only for a limited time and mileage.
Rebate
Interest rate
Sticker price
Limited warranty
A business that sells new or used cars?
Krogers
Dealership
Parents
Cousine
An Agreement where an individual makes monthly payments to use a car for a certain length of time instead of purchasing the car.
Partnership
Ownership
Lease
Purchase
An auto loan that is financed by the dealership in which the dealership may place a device on your vehicle to disable your vehicle if you miss a payment.
Buy Here, Pay Here
Financing
Captive Finance
Bank
Credit union
Ford Credit, Toyota Financial, GM Financial are examples of what type of Finance?
Group Finance
Amazon
Captive Finance Company
Rightway
A used car that has been inspected, refurbished, certified and warranted by the original manufacturer.
Used Vehicle
Lease
Certified Pre-Owned
Pre-owned
A Type of auto loan where the dealership connects you with a lending institution.
Bank
Credit union
Online lender
Dealer-arranged Financing
Buying a vehicle where you pay a monthly payment towards your auto loan.
Financing
Layaway
Cash advance
Statement
You should purchase a used car that is least how many years old?
1
5
6
20
What is the average price of a new car?
$35,400
$25,456
$50,001
$48,334
