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Questions and Answers
How can you finance the purchase of a car?
How can you finance the purchase of a car?
- By paying in cash
- By borrowing money from a friend
- By taking out a loan from a bank (correct)
- By using a credit card
What is the purpose of a down payment when buying a car?
What is the purpose of a down payment when buying a car?
- To reduce the loan term
- To increase the interest rate
- To cover the insurance costs
- To lower the overall cost of the car (correct)
What is the role of a car dealership in the car buying process?
What is the role of a car dealership in the car buying process?
- To offer car repair services
- To sell new and used cars (correct)
- To assist with car registration
- To provide car insurance
