Mastering the Art of Car Buying
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Questions and Answers

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?

  • 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?

  • To offer car repair services
  • To sell new and used cars (correct)
  • To assist with car registration
  • To provide car insurance

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