Comparison shopping is good because...

it allows you to see best avaliable rates

Should you check with banks or local credit unions?

only ones you already have a relationship with

What may leasing generally require?

first months payment right away

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Steps to Buying a Car

15 termsStudBud Administration

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Questions 15

Answers

1
What can driving a car before purchasing help?
all of the above
the tech in the car
seeing cars condition
general feel
2
Comparison shopping is good because...
not seeing the dealer prices in one place
it allows you to see best avaliable rates
it gives you a price of only two cars
it gives you a price of only one car
3
Should you check with banks or local credit unions?
no
yes
only ones you already have a relationship with
it is best to check with any
4
How should you go about making a down payment?
look at other options
pay less upfront at purchase
Over 10% on a used car
Put 20% down on new car
5
What can help you figure out how much to pay when borrowing a loan upfront?
the car
credit report
price of fees
auto loan pre approval
6
What should you consider when bargaining?
none
value of the car
financing terms
1 and 3
7
What is an example of a comparison shop?
Kelly Blue Book
Carmax
Ford
Edmunds
8
How much should you spend on transportation from your take home pay?
less than 20%
a little over 12%
no more than 15%
under 10%
9
Dealer sites or prices help you see...
history of prices
price in one place
negotiations
all around the world
10
What is NOT something to look out for on a credit report?
maximium credit score
minimun credit score
higher scores
errors
11
Cars lose how much value in the first year?
$1,000
$15% or more
20% or more
$2,000
12
What may leasing generally require?
first months payment right away
large down payment when buying
return fee
no fees
13
What has changed from the past about cars?
sticker prices
online dealerships
dealerships in person
Not the type of car
14
There is no room to haggle in places like:
Private ownerships
dealerships
Any place, but it may be rejected
online platforms, usually
15
What is an example of a want in a car?
good gas mileage
sunroof
more seats
car in budget

Steps to Buying a Car Flashcards | StudBud

Steps to Buying a Car

15 termsStudBud Administration

Imported from external platform

Flashcards15 cardsFPractice quizPHost liveL

Questions 15

Answers

1
What can driving a car before purchasing help?
all of the above
the tech in the car
seeing cars condition
general feel
2
Comparison shopping is good because...
not seeing the dealer prices in one place
it allows you to see best avaliable rates
it gives you a price of only two cars
it gives you a price of only one car
3
Should you check with banks or local credit unions?
no
yes
only ones you already have a relationship with
it is best to check with any
4
How should you go about making a down payment?
look at other options
pay less upfront at purchase
Over 10% on a used car
Put 20% down on new car
5
What can help you figure out how much to pay when borrowing a loan upfront?
the car
credit report
price of fees
auto loan pre approval
6
What should you consider when bargaining?
none
value of the car
financing terms
1 and 3
7
What is an example of a comparison shop?
Kelly Blue Book
Carmax
Ford
Edmunds
8
How much should you spend on transportation from your take home pay?
less than 20%
a little over 12%
no more than 15%
under 10%
9
Dealer sites or prices help you see...
history of prices
price in one place
negotiations
all around the world
10
What is NOT something to look out for on a credit report?
maximium credit score
minimun credit score
higher scores
errors
11
Cars lose how much value in the first year?
$1,000
$15% or more
20% or more
$2,000
12
What may leasing generally require?
first months payment right away
large down payment when buying
return fee
no fees
13
What has changed from the past about cars?
sticker prices
online dealerships
dealerships in person
Not the type of car
14
There is no room to haggle in places like:
Private ownerships
dealerships
Any place, but it may be rejected
online platforms, usually
15
What is an example of a want in a car?
good gas mileage
sunroof
more seats
car in budget