HDFS Quiz 9

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Leasing can help a person

have lower payments than the payments would be on a loan for the same vehicle

According to the article Tips for Purchasing Appliances, when shopping for appliances, it is good to read

the energy guide label

Which of the following is true?

Gap insurance is usually used when the borrower is "upside down"

Which of the following is true?

A renter may have insurance from their own auto insurance company

__ is looking at the cost of an item each time you use it

Cost per use

__ can only be used if a product was purchased anywhere other than a seller's normal place of business

The cooling-off rule

Which of the following is a benefit of selling a car vs trading it in?

You will likely get more money out of it

Which of the following comes with a vehicle at no cost to the buyer?

a manufacturers warranty

The "upside down" means that an individual

an individual owes more on an asset than it is worth

According to the article Keys to Vehicle Leasing, at the end of a lease, the consumer may need to pay

charges for excess miles


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