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Consumer Man: Buying a Car
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Game Code: 1779558
English
16
Public
Buying a CAr
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Cost of a vehicle with standard equipment
base price
invoice price
15
Estimated trade-in worth of a used vehicle as published in a guide by businesses such as Kelly Blue Book
book value
invoice price
base price
15
Service contract that provides for no cost or low cost vehicle repair
factory warranty
extended repair
15
These state laws protect buyers when vehicles have serious defects
lemon laws
FTC Uses Car Rule
15
Document that shows legal ownership of a vehicle
title
recall
15
When buying a vehicle, one of the most important parts of getting a "good deal" is making the monthly payments are affordable
False
True
15
When buying a vehicle, begin your negotiations with the invoice price.
False
True
15
Once you have negotiated the price of the vehicle you want, go to the bank to discuss financing options.
True
False
15
When a trade-in is part of a vehicle purchase, the dealer will offer you the best price.
True
False
15
The consumer has the most important negotiating "tool."
False
True
15
Purchasing a used can can save you an average of 50%.
True
False
15
You should investigate the cost of insurance before making a final decision on purchasing a vehicle.
True
False
15
Before buying a used vehicle, it is a good idea to have it inspected by an independent source.
True
False
15
The average depreciation of a new car is 20% loss of value in the first year.
False
True
15
Invoice price and base price are identical.
False
True
15
Lemon Law is designed to protect consumers from unsafe and defective new cars.
False
True
15
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