
Buying a Car
Presentation
•
Business
•
12th Grade
•
Practice Problem
•
Medium
Rose-Marie Brophy
Used 44+ times
FREE Resource
10 Slides • 11 Questions
1
2
Open Ended
What Do You Wonder ... About Buying a Car ??? 🧐
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12
Multiple Choice
This allows you to use a car for a specified period of time for a monthly payment
Loan
Contract
Lease
Gift
13
Multiple Choice
This number helps you compare loans
APR (Annual Percentage Rate)
Credit Score
GPA
Principal
14
Multiple Choice
A substantial one of these will keep you from going upside down on your loan, that is, owing more on your car than it's worth
Finance Charge
Insurance
Down Payment
Interest
15
Multiple Choice
Purchasing rather than leasing will generally cause your initial monthly payments to be
Higher
Lower
The Same
16
Multiple Choice
This includes the interest you will have to pay to a lender beyond the amount you need to purchase the car
Lease Origination Fee
Transaction Fees
Finance Charges
Down Payment
17
Multiple Choice
In the first two years of a new car's life, it loses:
50% of the resale value
20% of the resale value
30% of the resale value
0% of the resale value
18
Multiple Choice
You live in a NO FAULT insurance state. Another driver damages your car in the parking lot, but doesn't leave their contact information. Your insurance will cover the damages to your car.
True
False
19
Multiple Choice
One potential disadvantage to buying a used car from a private seller is:
It may be more expensive than a dealership can offer
It may have problems the seller did not disclose
It does not come with a warranty
All of these
20
Multiple Choice
"Certified PreOwned" cars are guaranteed for quality
True
False
21
Multiple Choice
When buying a car, a ________ down payment is recommended
0%
10%
20%
50%
Show answer
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