Personal Finance Courses: Vehicle Acquisition

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1.
When financing a car, your options include _______.
Choose wisely. There is only one correct answer.
All of the above. You have several available options.
2.
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.
3.
Who sells extended warranties on vehicles?
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All of the above. All of these parties sell extended warranties.
4.
What part of a car lease's monthly payments is tax-deductible for consumers (as opposed to businesses) who lease?
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Sales tax. Sales tax is deductible.
5.
Cars with the lowest prices will necessarily have the lowest costs of ownership over time.
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False. True cost of ownership can actually be higher, based on factors such as tax credits, depreciation, maintenance, and other important aspects.