buying a car

Front

APR is...

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Annual Percentage Rate

Front

Having a lower APR could mean that your...

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monthly car payment is lower

Front

a reduction in the value of an asset over time is called

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depreciation

Front

One advantage to leasing a car is: You can drive nicer vehicles and have up-to-date features.

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You can drive nicer vehicles and have up-to-date features.

Front

You're likely to save more money in the long run if you...

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Buy a used car

Front

Which is a better financial choice for getting a car loan? 5% down-payment and term of 6 years. 20% down-payment for a term of 4 years

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20% down-payment for a term of 4 years

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The manufacturer's suggested retail price, or the price that car builders say the car should be sold at.

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MSRP

Front

A long term rental of a car. You need to pay monthly payments for the vehicle and it must be returned at the end of the contract.

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lease

Front

Most people cannot afford to pay for a new car in one day. Instead, people pay the cost over time, but sellers require a certain amount of money the day you buy it. This is called what?

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downpayment