4.3.1 Quizizz: Auto Loans
Authored by Hilary Diefenderfer
Mathematics
12th Grade
CCSS covered
Used 3+ times
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20 questions
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1.
DRAG AND DROP QUESTION
5 mins • 1 pt
When most people purchase vehicle they rely on (a) to purchase them. When you get an (b) loan you will have to pay (c) on the loan.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
CCSS.RI.8.3
2.
DRAG AND DROP QUESTION
5 mins • 1 pt
The interest on a auto loan is calculated (a) the (b) (Typically at least (c) of vehicle cost) is (d) the (e) cost of the vehicle.
Tags
CCSS.6.RP.A.3C
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Although a shorter-term loan can lower the monthly payment, the total interest paid is higher, leading to a higher total cost for the car.
True
False
4.
DRAG AND DROP QUESTION
5 mins • 1 pt
Someone with a (a) credit score usually gets the (b) attractive (c) offers on a car loan.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
CCSS.RI.8.5
5.
MULTIPLE SELECT QUESTION
5 mins • 1 pt
What are the 3 most common auto term loan lengths?
36 months
72 months
48 months
84 months
60 months
6.
DRAG AND DROP QUESTION
5 mins • 1 pt
Auto loans are (a) . Just like a mortgage, the interest owed is (b) in the (c) payments. During the housing price collapse, homeowners who owed more than their homes were worth for resale were said to be underwater. Car buyers can also be driving (d) for a long time unless they make a hefty down payment or offer a late-model trade-in. That's because a car (e) steeply in value as soon as you drive it off the lot.
7.
REORDER QUESTION
5 mins • 1 pt
Put the steps in order to calculate a Monthly Payment for an Auto Loan
Enter in your information into the Nerd Wallet Auto Loan Calculator
Determine if you owe any money on your trade-in
Determine the Down Payment: Cost of Vehicle (%)
Determine the Loan Term: # Months
Determine if you have a trade-in, and what is it worth?
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