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Questions and Answers
Which of the following is an advantage of buying a new car?
Which of the following is an advantage of buying a new car?
- Lower purchase price
- Lower insurance costs
- Warranty coverage (correct)
- Higher loan interest rate
Which of the following is a disadvantage of buying a new car?
Which of the following is a disadvantage of buying a new car?
- Higher loan interest rate (correct)
- Lower purchase price
- Lower insurance costs
- Warranty coverage
What happens to the value of a new car as soon as you buy it?
What happens to the value of a new car as soon as you buy it?
- It remains the same
- It increases
- It decreases (correct)
- It fluctuates
What is an advantage of buying a used car?
What is an advantage of buying a used car?
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What is a disadvantage of buying a used car?
What is a disadvantage of buying a used car?
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Which of the following is a disadvantage of purchasing a used car?
Which of the following is a disadvantage of purchasing a used car?
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What is depreciation of a car?
What is depreciation of a car?
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Are extended warranties for used cars worth the cost?
Are extended warranties for used cars worth the cost?
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Do all cars depreciate in value?
Do all cars depreciate in value?
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What happens when a car loses value?
What happens when a car loses value?
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