Personal Finance Courses: Vehicle Acquisition

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1.
What is probably the biggest advantage of buying a used vehicle instead of a new one?
Choose wisely. There is only one correct answer.
The price. For most people, price is the biggest advantage.
2.
If your take-home pay after taxes is $1,000 a month, then your car payments should ideally be how much at the most?
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$200. A popular recommendation is that your total monthly car payments should not exceed 20% of your take-home pay.
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?
Choose wisely. There is only one correct answer.
All of the above. All of these parties sell extended warranties.