Buying a Car Mini Unit Test Review | Baamboozle - Baamboozle

English 22 Public

NGPF

Study Slideshow

All of the following are reasons that your car insurance might increase EXCEPT:

Decreasing your yearly mileage

Getting into a car accident

Moving to a big city with a lot of traffic

15

Which of the following is TRUE about cars and depreciation?

Car depreciate most after 10 years of use

New cars do not depreciate

Cars lose 10% value the moment you drive off the lot

15

Which of the following costs will not change the more you drive your car?

State Registration Fees

Fuel Costs

Insurance premium

15

What is one advantage of buying a used car over a new car?

Used cars always have the latest features and technology

Used cars always come with warranties

Used cars tend to have a better value because new cars

15

According to experts, when is the best time to buy a used car?

Labor Day

July 4th

MLK Jr. Day

15

Moving from the city with street parking to the suburbs with a driveway may cause your car insurance to increase.

False

True

15

Moving to a state that requires higher minimum coverage may cause your car insurance to increase.

True

False

15

Getting married may cause your car insurance to increase because married couples tend to be safer drivers.

True

False

15

Credit history is an important factor that is considered when calculating an insurance premium

True

False

15

After the age of 25, insurance premiums tend to decrease slowly but then increase after the age of 65.

True

False

15

Buying a used car may save you up to 50%.

False

True

15

When negotiating the purchase of a car, your greatest tool is that you can walk away at any time.

True

False

15

Before buying a car, you should get quotes from 3 insurance companies.

True

False

15

New cars do not lose value right away.

True

False

15

_After you have decided which car to buy, go to the bank to get financing.

True

False

15

the amount of money you borrow or finance

time

principal

interest

15