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Your car's license plate establishes you as the legal owner of the vehicle.

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True

False

False. The title, not the license plate, does this.

Before you buy a car, you can get a pre-approved loan from a financial institution.

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True

False

True. This can be to your advantage when negotiating the terms of the deal.

How might the "loss of use" coverage help you if your car is being repaired for an insured loss?

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It would buy you a new vehicle.

It would pay for a temporary car for you.

It would pay for damage to your vehicle.

All of the above

It would pay for a temporary car for you. The loss of use coverage reimburses you for the temporary inability to use your vehicle.

The cost of ownership of a vehicle is the same as the price you paid for it.

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True

False

False. The cost of ownership is the various expenses you will pay for the vehicle over the time that you own it.

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 can do so without an extra charge

You will have to pay a fee for the excess miles

You will have to return the vehicle early

You will have to pay a fee for the excess miles. The contract specifies a certain number of miles that you can drive.

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