Master the Art of Car Buying
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Questions and Answers

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

  • Higher upfront cost
  • Unknown past history
  • Low monthly payment (correct)
  • Higher depreciation

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

  • Lower depreciation
  • Extended warranty
  • Lower upfront cost
  • Higher maintenance costs (correct)

Which of the following is a benefit of buying a certified pre-owned car (CPO)?

  • Higher upfront cost
  • Lower finance rates
  • Unknown past history
  • Extended warranty (correct)

Which of the following is a key consideration when deciding to lease a car?

<p>Limited mileage allowance (A)</p> Signup and view all the answers

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

<p>No more payments when paid off (A)</p> Signup and view all the answers

What is the most common way to get behind the wheel of a new car?

<p>Buying a car and financing much of the purchase price (C)</p> Signup and view all the answers

How does leasing work?

<p>You pay a fraction of the sticker price and make monthly payments over the length of the contract (D)</p> Signup and view all the answers

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