Personal Finance Courses: Vehicle Acquisition

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1.
When shopping for a car at a dealership, what might be the purpose of mentioning other dealerships that are offering the same car?
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The dealer might match their prices. The intimidation might work for some, but the main purpose is to make the dealer compete with the other dealers to get your business.
2.
When financing a car, your options include _______.
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All of the above. You have several available options.
3.
It is always good to buy an extended warranty on a vehicle.
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False. There is no set answer to this; it will depend on whether you think you will need a lot of repairs in the future.
4.
On average, auto insurance will cost you less if your car is _______.
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Used. Generally, insurance on a used car costs less when the car is used.
5.
If you are leasing a new vehicle and planning to drive it more miles than are allowed in the contract, _______.
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You will have to pay a fee for the excess miles. The contract specifies a certain number of miles that you can drive.