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Car Buying Pros and Cons Quiz

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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?

Lower finance rates Signup and view all the answers

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

Higher maintenance costs Signup and view all the answers

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

Someone else ate the upfront 1-3 years of heavy depreciation 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)?

Must be inspected and certified by the dealership Signup and view all the answers

Car Buying Pros and Cons Quiz

Choose a study mode

Podcast

Questions and Answers

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

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

Which of the following is true about car leasing?

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

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

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

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

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