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Buying a Car Flashcards | StudBud
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Buying a Car
Buying a Car
26 terms
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StudBud Administration
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5,282 plays
A game about buying a car and car insurance. High school grade level.
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
How long of a period should you finance a car for?
What's Insurance?
Ideally under three years, but not longer than four
Straight cash, homie
As long as possible
2
When you buy a car with a down payment, borrow the money for the rest and pay it back+ interest
Leasing
Deductable
Financing
Insurance
3
This is the best place to find out how much your used car is worth
Police Officer
Kelley Blue Book
Magic 8 Ball
Ask a car dealer
4
Why is it important to have adequate limits on your liability insurance?
You must pay out of pocket for anything over your limit
all of the above
If you cannot afford to pay, your wages can be garnished
if you don't have adequate limits, you're not really insured
5
All of the following is true when you lease a car, except:
Your insurance will cost more
You cannot make any modifications to the car
You own the car when it's paid off
You're essentially renting the car
6
Amount that you pay out of pocket with a collision or comprehensive plan before your ins. pays
Rate
Premium
Deductible
PiP
7
Car insurance that covers OTHER PEOPLE and THEIR PROPERTY when you are at fault:
Comprehensive
Collision
Deductable
Liability
8
Car insurance plan that covers YOU and YOUR property if you are at fault
Liability
Comprehensive
Collision
Progressive
9
Which of these is NOT a factor of how much your monthly car payments will be? (Or any loan)
Race
Amount Financed
Interest Rate
Length of Loan
10
Which of these things can happen if you are driving without insurance and injure someone
Jail time
Pay wages for the time they had to miss work
All of the Above
You must replace their property
11
This type of insurance is mandatory in New Jersey (You cannot drive without it)
Comprehensive
What's Insurance?
Collision
Liability
12
What three documents do you need to have with you when driving?
Proof of Insurance
Registration
Title
License
13
What is the name for the monthly payment that you pay to keep an insurance policy?
Policy
Premium
Fee
Interest
14
Which type of ticket adds points to your license?
Equipment Violation
Moving Violation
15
This is the process of letting the state know that you have a have a car and plan to drive it:
Potato Salad
Registration
Insurance
16
When do new cars depreciate the most?
In year 5
As soon as you buy them, and for the first year
They don't depreciate; they go up in value
After four years
17
All of the following will save you money on your insurance premium except:
Having good grades
Buying a red sports car that is tricked out
Being female and living in a safe area
Having a good education and a good job
18
Which of these is NOT something that might influence your insurance premium
What type of car you drive
Where you drive
None--they all influence your premiums
Gender
19
When you get one of these, you are asking an insurance company how much insurance would cost
a quote
a premium
a deductable
an attitude
20
This is the term for when an asset, like a car, loses value
Appreciation
Depreciation
Appraisal
Deportation
21
All of the following are moving violations except:
Tail Light bulb out
Careless Driving
Reckless Driving
Speeding
22
True or False: The higher the deductible the better.
True
False
23
True or False: It's better to lease a car if you plan to own it for a long time
True
False
24
Which of the following should you not do if pulled over at night?
Ask before reaching for your documents
Get out of the car as the officer is approaching
Turn your interior lights on
Be polite
25
The higher this, the better interest rates you'll get on a car loan:
Mohs Score
Credit Score
Bank Account
Premium
26
This type of insurance covers pretty much everything, including theft:
AAA
Liability
Collision
Comprehensive
