Choose wisely. There is only one correct answer to each question.
0%
Keep studying!
Review your answers below to learn more.
1.
When negotiating the price of a new car, which starting point is likely to save you the most money?
The dealer's cost. The dealer's cost is what the dealer paid the manufacturer for it. Negotiating up from this, rather than down from the asking price, may save you more money.
2.
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.
3.
Which of the following prices on a new vehicle reflects what the dealer bought it for from the manufacturer?
Invoice price. This is what the manufacturer charges the dealer. The dealer, in turn, will charge you something either more or less than this.
4.
A vehicle's cost of ownership is _______.
All the costs of buying and owning over time. Take all factors into account when considering the cost of ownership.
5.
When it comes to shopping for a new car, the best advice is to complete your comparison shopping before visiting a dealership.
True. The Internet offers many sites with helpful information that consumers can use to narrow down to the car they want and how much it might cost. Consumer Reports also publishes an annual car-buying issue.