
CM Un4Wk1 - Buying a Car
Presentation
•
Life Skills
•
11th Grade
•
Easy
Chip Krolik
Used 14+ times
FREE Resource
3 Slides • 16 Questions
1
Lesson Objective:
Review Car Buying Terms and Review How to Purchase
2
Let's Review some terms...
​
3
Multiple Choice
What is the interest rate on a loan called?
APR-Accrued Percent Range
APR-Annual Percentage Rate
APR-Annual Primary Rate
APR-Annuity Preliminary Record
4
Multiple Choice
Which is the term for the reduction of value in the car over time usually based on the wear and tear caused by driving the car
Principal
True Market Value
Warranty
Depreciation
none of these
5
Multiple Choice
The money you pay upfront when getting a car loan is called the...
principal
down payment
interest
APR
6
Multiple Choice
This is the company that makes the cars we drive (Ford, Toyota, etc.)
msrp
model
Amazon
manufacturer
7
Multiple Choice
This is the assurance that your car will be protected from any major issues in case something happens before the number of years you own the car or the number of miles you drive it.
msrp
warranty
depreciation
true market value
8
Multiple Choice
This is the price of the car that includes the fees and other charges that are added to the price of a car but is often not included in the advertised price.
msrp
sticker price
true market value
principal
9
Multiple Choice
When borrowing money from a bank, this is the extra amount you need to pay in addition to the amount you borrowed
APR
principal
msrp
down payment
interest
10
Multiple Choice
This is the amount that a car manufacturer advises dealers to charge for a vehicle. It's just the starting point in negotiations at a car dealership.
MSRP - Manufacturer's Suggested Retail Price
Loan
Principal
Down Payment
11
Multiple Choice
This is the measure of how far a car can travel using exactly one gallon of gas. This figure helps you to compare cars based on their efficiency
APR
MPG - miles per gallon
FDIC
none of these
12
13
Open Ended
Marisol wants a brand new Toyota Corolla. She is currently a full-time student at a local university and works part-time a Starbucks.
What advice would you give?
14
Multiple Choice
True or False: You should figure out in advance if you can afford ANY car before purchasing one.
True
False
Maybe
15
Multiple Choice
16
Multiple Choice
Which type of vehicle is one of the most suitable vehicles for hauling, towing and off-roading?
wagon
van
pickup truck
sedan
17
Multiple Choice
Sylvia is a first-time car buyer without an established credit history, so she is going to be charged a high interest rate. What could she possibly do to get a lower interest rate?
agree to a lease term of more than five years
take a financial literacy class at a local college
Get a co-signer with good credit, such as a parent
open at least three other credit accounts at the same time
18
Multiple Choice
What is meant by "Certified Pre-Owned"?
It's a scam tactic to make you think it's a new car
It means that it is certified that it has been driven by another driver
It means someone else owns it
It means that the car is used but may have a limited warranty due to low wear-and-tear condition
none of these
19
Poll
Have you learned something about car-buying that you didn't know before?
Yes.
No
A little, I suppose. I don't have a car.
Lesson Objective:
Review Car Buying Terms and Review How to Purchase
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