WorksheetsDeals on Wheels Quiz
Total questions: 15
Worksheet time: 8mins
What is the best way to save the most money when buying a car?
Choose a reliable, affordable car and pay in full with cash.
Finance the car with an auto loan.
Lease a car for lower monthly payments.
Buy a brand-new car with advanced tech features.
What is the average monthly payment for a new car in 2024?
$742
$800
$655
$638
What percentage of borrowers were 90 days late or worse on their car payments in 2024?
3%
5%
10%
1%
How much auto loan debt do Americans owe as of 2024?
1 trillion
2 trillion
1.5 trillion
1.65 trillion
What is the average monthly payment for leasing a car in 2024?
$700
$742
$638
$655
What is one major downside of leasing a car?
You never actually own the car.
You pay higher monthly payments than buying.
You can drive unlimited miles.
You can keep the car for as long as you want.
What happens if you exceed the mileage limit on a leased car?
You get charged extra fees.
You lose the car immediately.
You pay a higher monthly payment.
You can extend the lease for free.
Why is leasing a car more expensive in the long run?
You have to start making payments again after the lease ends.
You pay higher monthly payments than buying.
You can keep the car for as long as you want.
You can drive unlimited miles.
What is the main purpose of a car according to the text?
To get you from point A to point B safely.
To showcase flashy brands and tech features.
To drive unlimited miles without restrictions.
To take long road trips with friends.
What do most experts recommend for new drivers to save money?
Finance a car with an auto loan.
Buy a brand-new car with advanced tech features.
Lease a car for lower monthly payments.
Buy a used car without going into debt.
What is a key condition when returning a leased car?
The car must be paid off in full.
The car must be driven unlimited miles.
The car must have advanced tech features.
The car must be in good condition.
What is the average monthly payment for a used car in 2024?
$700
$638
$742
$655
What is one reason Gen Z and millennials prefer leasing cars?
Ownership of the car.
No extra fees for damages.
Unlimited mileage.
Lower monthly payments.
What is a major risk of leasing a car for long road trips?
Driving unlimited miles without restrictions.
Exceeding the mileage limit and incurring extra fees.
Paying higher monthly payments.
Owning the car after the lease ends.
What has increased by over 73% from a decade ago?
Auto loan debt.
Monthly lease payments.
Mileage limits on leased cars.
Car ownership rates.
