Personal Finance Courses: Vehicle Acquisition

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1.
What well known book lists both wholesale and retail prices of used cars?
Choose wisely. There is only one correct answer.
Kelley Blue Book. This book is the most well known source of both wholesale and retail prices of used cars.
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.
Who sells extended warranties on vehicles?
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All of the above. All of these parties sell extended warranties.
4.
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.
5.
On average, auto insurance will cost you less if your car is _______.
Choose wisely. There is only one correct answer.
Used. Generally, insurance on a used car costs less when the car is used.