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New Car Buying
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New Car Buying

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@SupportivePelican

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Questions and Answers

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?

  • 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?

  • It remains the same
  • It increases
  • It decreases (correct)
  • It fluctuates

    • What is an advantage of buying a used car?

    <p>Lower purchase price</p> Signup and view all the answers

    What is a disadvantage of buying a used car?

    <p>Limited or no warranty</p> Signup and view all the answers

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

    <p>Higher maintenance costs</p> Signup and view all the answers

    What is depreciation of a car?

    <p>When the value of a car goes down over time</p> Signup and view all the answers

    Are extended warranties for used cars worth the cost?

    <p>It depends on the specific car and warranty</p> Signup and view all the answers

    Do all cars depreciate in value?

    <p>Yes, all cars depreciate</p> Signup and view all the answers

    What happens when a car loses value?

    <p>You lose money</p> Signup and view all the answers

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