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10.4 Budgeting for Transportation
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Game Code: 1857407
English
11
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How much is car insurance (full coverage) for a 16-year old driver?
$7,625 a year for full coverage
$600 a year for full coverage
$1,200 a year for full coverage
15
All of the following are potential benefits of NOT owning a car EXCEPT:
Opportunities for exercise
shorter commute
Reduced carbon footprint
15
Which of the following costs would increase if you had a longer commute to work or school?
Car payments
Fuel and Maintenance
Parking fees
Vehicle registration fees
15
Why do teen drivers pay the highest car insurance rates?
answers will vary
15
What are some ways you can lower your car insurance as a teen driver?
Answers will vary
15
Female teen drivers usually pay less car insurance than male teen drivers
False
True
15
Which sentence best describes depreciation?
general increase in prices and fall in the purchasing value
the reduction in the value of an asset over time.
15
how are LEASE payments determined?
covers the depreciation of the vehicle + interest.
covers only the interest on the loan.
covers overall maintenance on the vehicle.
15
Which is not a guideline suggested when buying a car?
Buy a car that is at least 5 years old
Only buy cars that are brand new
Pay your for car in cash to avoid paying interest
Be able to save an equal amount to your car payment
15
True or False: From a financial perspective, buying a new car is always better than buying a used car.
False
True
15
What is one alternative to owning a car?
answers will vary
15
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