Car Buying Pros and Cons Quiz
7 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is an advantage of buying a car?

  • Paying for your own repairs and maintenance
  • Higher payments over a longer period of time
  • Unlimited mileage (correct)
  • Leasing a new car

Which of the following is a disadvantage of buying a car?

  • Cash (trade-in) for your next car
  • Can refinance your loan
  • Unlimited mileage
  • The high depreciation rate of new cars (correct)

Which of the following is true about car leasing?

  • Car leasing is only available for luxury cars
  • Most new cars that leave dealer lots are leased (correct)
  • Car leasing requires higher monthly payments
  • At the end of a lease contract, you can buy the car

Which one of these is an advantage of leasing a car?

<p>Lower finance rates (A)</p> Signup and view all the answers

Which one of these is a disadvantage of buying a used car?

<p>Higher maintenance costs (D)</p> Signup and view all the answers

Which one of these is a benefit of buying a Certified Pre-Owned Car (CPO)?

<p>Someone else ate the upfront 1-3 years of heavy depreciation (B)</p> Signup and view all the answers

Which one of these is a requirement for a vehicle to be considered a Certified Pre-Owned Car (CPO)?

<p>Must be inspected and certified by the dealership (A)</p> Signup and view all the answers

More Like This

Car Buying and Selling
4 questions
Car Buying 101
8 questions

Car Buying 101

SupportivePelican avatar
SupportivePelican
Car Buying Basics
10 questions

Car Buying Basics

AstoundingNovaculite avatar
AstoundingNovaculite
Use Quizgecko on...
Browser
Browser