Personal Finance Courses: Vehicle Acquisition

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1.
Before you buy a car, you can get a pre-approved loan from a financial institution.
Choose wisely. There is only one correct answer.
True. This can be to your advantage when negotiating the terms of the deal.
2.
What is probably the biggest advantage of buying a used vehicle instead of a new one?
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The price. For most people, price is the biggest advantage.
3.
When you lease a car, who pays for the insurance on it?
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You. You must pay for the insurance on it.
4.
Your car's license plate establishes you as the legal owner of the vehicle.
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False. The title, not the license plate, does this.
5.
Who sells extended warranties on vehicles?
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All of the above. All of these parties sell extended warranties.