Car Ownership Cost Quiz

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What does the chart above show? (Ownership Cost of a New Car)

The total cost of owning a new car for 1 year

The cost breakdown of owning a new car for 5 years (correct)

The average cost of owning a used car for 5 years

The depreciation rate of a new car over 5 years

What type of car does the chart show the cost of ownership for? (Ownership Cost of a New Car)

Honda, LX Sedan (2.0L 4-cyl. CVT Automatic) (correct)

Ford, Mustang (5.0L V8 Manual)

Chevrolet, Silverado (6.2L V8 Automatic)

Toyota, Camry (2.5L 4-cyl. CVT Automatic)

How much was the total purchase price or cash price for this car? (Ownership Cost of a New Car)

$50,507

$12,592

$20,108 (correct)

$9,583

After five years of ownership, what is the estimated true cost of this car? (Ownership Cost of a New Car)

$50,507 Signup and view all the answers

How much did the car depreciate (lose value) in the first year?

$3,724 Signup and view all the answers

What is the total amount a person will spend on taxes and fees over five years? (Ownership Cost of a New Car)

$6,150 Signup and view all the answers

What is the total amount a person will spend on car maintenance over five years? (Ownership Cost of a New Car)

$3,635 Signup and view all the answers

What is the average amount a person will spend on car insurance each year? (Ownership Cost of a New Car)

$1,324 Signup and view all the answers

Which year is the most expensive year to own a new car? Why? (Ownership Cost of a New Car)

Year 1, due to high depreciation Signup and view all the answers

Why do you think on the fourth year, maintenance costs for the car have spiked? (Ownership Cost of a New Car)

The car had a warranty expiration Signup and view all the answers

Car Ownership Cost Quiz

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Questions and Answers

What does the chart above show? (Ownership Cost of a New Car)

What type of car does the chart show the cost of ownership for? (Ownership Cost of a New Car)

How much was the total purchase price or cash price for this car? (Ownership Cost of a New Car)

After five years of ownership, what is the estimated true cost of this car? (Ownership Cost of a New Car)

How much did the car depreciate (lose value) in the first year?

What is the total amount a person will spend on taxes and fees over five years? (Ownership Cost of a New Car)

What is the total amount a person will spend on car maintenance over five years? (Ownership Cost of a New Car)

What is the average amount a person will spend on car insurance each year? (Ownership Cost of a New Car)

Which year is the most expensive year to own a new car? Why? (Ownership Cost of a New Car)

Why do you think on the fourth year, maintenance costs for the car have spiked? (Ownership Cost of a New Car)

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