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New Car Buying

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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?

Lower purchase price Signup and view all the answers

What is a disadvantage of buying a used car?

Limited or no warranty Signup and view all the answers

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

Higher maintenance costs Signup and view all the answers

What is depreciation of a car?

When the value of a car goes down over time Signup and view all the answers

Are extended warranties for used cars worth the cost?

It depends on the specific car and warranty Signup and view all the answers

Do all cars depreciate in value?

Yes, all cars depreciate Signup and view all the answers

What happens when a car loses value?

You lose money Signup and view all the answers

New Car Buying

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Questions and Answers

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

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

What happens to the value of a new car as soon as you buy it?

What is an advantage of buying a used car?

What is a disadvantage of buying a used car?

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

What is depreciation of a car?

Are extended warranties for used cars worth the cost?

Do all cars depreciate in value?

What happens when a car loses value?

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