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Buying a Car Mini Unit Test Review
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Game Code: 1790959
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All of the following are reasons that your car insurance might increase EXCEPT:
Getting into a car accident
Moving to a big city with a lot of traffic
Decreasing your yearly mileage
15
Which of the following is TRUE about cars and depreciation?
Cars lose 10% value the moment you drive off the lot
New cars do not depreciate
Car depreciate most after 10 years of use
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 tend to have a better value because new cars
Used cars always come with warranties
15
According to experts, when is the best time to buy a used car?
MLK Jr. Day
Labor Day
July 4th
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.
False
True
15
Getting married may cause your car insurance to increase because married couples tend to be safer drivers.
False
True
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.
False
True
15
New cars do not lose value right away.
False
True
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
interest
time
principal
15
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