New Car Buying

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Which type of car, used or new, is more likely to require repairs and maintenance? (New Car vs. Used)

New car

Neither used nor new cars

Used car (correct)

Both used and new cars

What is depreciation? (New Car vs. Used)

The decrease in value of a car over time (correct)

The amount of money you lose when selling a car

The increase in value of a car over time

The total cost of repairs and maintenance for a car

Which type of car, used or new, will mostly cost less to insure? (New Car vs. Used)

Both used and new cars

New car

Used car (correct)

Neither used nor new cars

What are two advantages of buying a new car?

Higher reliability and longer warranty Signup and view all the answers

What are two disadvantages of buying a used car? (New Car vs. Used)

Lower reliability and shorter warranty Signup and view all the answers

What does the chart above show? (The Common Cost of Operating a Vehicle)

The average annual cost of operating a car Signup and view all the answers

On average, how much does car insurance cost per year? (The Common Cost of Operating a Vehicle)

$1,115 Signup and view all the answers

How much are the average costs for maintenance and tires each year? (The Common Cost of Operating a Vehicle)

$766 for maintenance and $147 for tires Signup and view all the answers

Which is the most expensive annual cost to operate a car? (The Common Cost of Operating a Vehicle)

Fuel Signup and view all the answers

How much does license, registration, and taxes cost per year for a car? (The Common Cost of Operating a Vehicle)

$665 Signup and view all the answers

Which type of car is the chart showing the cost of ownership for? (The Ownership Cost of a New Car)

Sedan Signup and view all the answers

What is the total purchase price or cash price for this car? (The Ownership Cost of a New Car)

$20,108 Signup and view all the answers

After five years of ownership, what is the estimated true cost of this car? (The Ownership Cost of a New Car)

$50,507 Signup and view all the answers

How much did the car depreciate (lose value) in the first year? (The Ownership Cost of a New Car)

$3,724 Signup and view all the answers

What is the average amount a person will spend on car insurance each year? (The Ownership Cost of a New Car)

$1,279 Signup and view all the answers

New Car Buying

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Questions and Answers

Which type of car, used or new, is more likely to require repairs and maintenance? (New Car vs. Used)

What is depreciation? (New Car vs. Used)

Which type of car, used or new, will mostly cost less to insure? (New Car vs. Used)

What are two advantages of buying a new car?

What are two disadvantages of buying a used car? (New Car vs. Used)

What does the chart above show? (The Common Cost of Operating a Vehicle)

On average, how much does car insurance cost per year? (The Common Cost of Operating a Vehicle)

How much are the average costs for maintenance and tires each year? (The Common Cost of Operating a Vehicle)

Which is the most expensive annual cost to operate a car? (The Common Cost of Operating a Vehicle)

How much does license, registration, and taxes cost per year for a car? (The Common Cost of Operating a Vehicle)

Which type of car is the chart showing the cost of ownership for? (The Ownership Cost of a New Car)

What is the total purchase price or cash price for this car? (The Ownership Cost of a New Car)

After five years of ownership, what is the estimated true cost of this car? (The Ownership Cost of a New Car)

How much did the car depreciate (lose value) in the first year? (The Ownership Cost of a New Car)

What is the average amount a person will spend on car insurance each year? (The Ownership Cost of a New Car)

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