Personal Finance Courses: Vehicle Acquisition

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1.
The cost of ownership of a vehicle is the same as the price you paid for it.
Choose wisely. There is only one correct answer.
False. The cost of ownership is the various expenses you will pay for the vehicle over the time that you own it.
2.
The price that a car dealership paid for a vehicle it bought is called the _______.
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Wholesale price. Dealers buy vehicles at wholesale prices and then resell them at retail prices.
3.
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.
4.
When financing a car, your options include _______.
Choose wisely. There is only one correct answer.
All of the above. You have several available options.
5.
When you lease a car, who pays for the insurance on it?
Choose wisely. There is only one correct answer.
You. You must pay for the insurance on it.