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BUYING AND OWNING A VEHICLE STUDY GUIDE RATED 1005 CORRECT
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BUYING AND OWNING A VEHICLE STUDY GUIDE RATED 1005 CORRECT
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BUYING AND OWNING A VEHICLE STUDYGUIDE RATED 1005 CORRECT
Before you start shopping for a car, determine how much you can afford to spend. T or F ANS -True
When you compare the prices of different vehicles, be sure to compare models that have the same
options. T or F ANS -True
Pre-approval combines the financing of your car with the process of negotiating the car's price. T or F
ANS -False
Experts recommend never buying a vehicle on your first visit to the dealership. T or F ANS -True
A used vehicle inspection typically costs about $500. T or F ANS -False
You should negotiate the price for a new car separately from the price of your trade-in. T or F ANS -True
You will probably get more money for your used car if you sell it yourself rather than trading it in at a
dealership. T or F ANS -True
Most car buyers pay cash for their cars to avoid interest charges. T or F ANS -False
All used car buyers are protected by the FTC's Used Car Rule. T or F ANS -False
Most people spend more of their income on transportation than on any other item. T or F ANS -False
Assigned risk pools are state-run programs that offer very low insurance rates to people who have
excellent driving records. T or F ANS -False
All states charge fees for title and registration. T or F ANS -True
, Typically, you can expect your vehicle to require a major engine tune-up every 3,000 miles or so. T or F
ANS -False
Generally, cloth vehicle upholstery is more durable than vinyl. T or F ANS -True
Monthly car payments should be no more than _____ percent of the money you have left after paying
all of your other expenses.
a. 5
b. 10
c. 20
d. 30 ANS -C, 20
A used car
a. is usually about the same price as a new car.
b.is likely to need more repairs than a new car
c. loses at least half of its market value as soon as you drive it off the lot.
d. can never be purchased with a warranty. ANS -B, is likely to need more repairs than a new car
All of the following websites allow you to search for specific models of new and used cars available in
your area except
a. Auto Trader
b. Cars.com
c. Kelley Blue Book
d.Consumer Reports ANS -D, Consumer Reports
Which of the following vehicles would most likely have the highest insurance rate?
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