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1.
Which of the following is a disadvantage of leasing a new car?
All of the above. All these factors are potential disadvantages of a new car lease.
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?
$200. A popular recommendation is that your total monthly car payments should not exceed 20% of your take-home pay.
3.
With regard to cars, what is the "dealer's price"?
The price the dealer paid when it bought the car. It is also known as the wholesale price.
4.
If you see a group of three numbers such as 50/100/15 in reference to auto insurance coverage, what type of coverage are you seeing?
Liability coverage. These numbers refer to the limits on bodily injury per person, bodily injury per accident, and property damage.
5.
What is a vehicle's cost of ownership made of?
The various expenses you will pay for the vehicle over the time that you own it. Cost of ownership takes into account any costs you will pay while owning it.