Buying a Car Vocab

Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the term for obtaining a loan to purchase a vehicle?
Back
Financing
2.
FLASHCARD QUESTION
Front
What is the upfront payment made when getting a car loan called?
Back
Down payment
3.
FLASHCARD QUESTION
Front
What does MPG stand for in relation to vehicle efficiency?
Back
Miles per gallon
4.
FLASHCARD QUESTION
Front
What is the term for the decrease in a car's value over time due to wear and tear?
Back
Depreciation
5.
FLASHCARD QUESTION
Front
What document certifies that a vehicle can legally be driven on public roads?
Back
Registration
6.
FLASHCARD QUESTION
Front
What is the purpose of a down payment when financing a car?
Back
To reduce the amount of the loan and show commitment to the purchase.
7.
FLASHCARD QUESTION
Front
How does depreciation affect the resale value of a car?
Back
It reduces the resale value as the car ages and accumulates mileage.
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