Personal Finance Buying a car Test
Which of these is a variable cost of car ownership? Car payment Gas and oil Insurance License fee
Gas and oil
Used car dealers ususally offer vehicles that are newer than those available at new car dealers.
F
When buying a car, you should try to get it done as quickly as possible to avoid hassles.
F
When making an offer, you should be sure that the seller knows how much you love and want the car
F
Title registration fees and sales tax must be paid each year after a car is purchased
F
What are high priced, high profit dealer services that add litttle or no value?
Dealer add-ons
What is loss in value of a vehicle
Depreciation
What is the single greatest cost of new car ownership? Gas and oil License fees Depreciation Emission tests
Depreciation
As your car gets older, maintenance and repair costs usually drop.
F
Auto leasing is popular because interest on car loans is no longer tax deductible
F
Rust proofing, extra polish, and other dealer add-ons are good deals for new car buyers
F
A car with serious defects that cannot be fixed
Lemon
The suggested retail price of a new car with its optional equipment
MSRP
Which of the following will help extend the life of your car? Drive 5-10 miles over the speed limit perform routine maintenance race the engine make sudden stops
Perform routine maintenance
Which of the following is not a cost of operating a car Gas Sales Tax Maintenance Depreciation
Sales Tax
A credit union is a good place to start when looking for a good car loan.
T
A fair price for a new car usually lies somewhere in between the sticker price and the invoice price
T
A lot of car purchase information can be found on websites.
T
Consumer reports contains articles about car models, repair records, and safety features
T
Experts recommend never purchasing a car on the first visit to a dealership
T
Gasoline and oil are variable operating expenses for an automobile
T
It is important to take care of your car and maintain its resale value
T
Keeping a car in the garage will protect it from weather damage as well as the sun.
T
Most new car dealers offer financing for the purchase of new cars.
T
What is a unique number for a car?
VIN
You can learn the history of any used vehicle if you have which of the following? VIN License plate number Original sales price Registration number
VIN
Which of the following states what the manufacturer will do if the automobile does not perform as it should? Invoice Title Warranty Registration
Warranty
