What is the total cost of ownership (TCO)?
Buying A Car #2

Flashcard
•
Mathematics
•
12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Back
The sum of costs in order to purchase, operate, and maintain a vehicle.
2.
FLASHCARD QUESTION
Front
If a car costs $25,000 and the down payment is $3,750, what is the total amount to be financed?
Back
$21,250
3.
FLASHCARD QUESTION
Front
What is an advantage of buying a used car?
Back
The car is cheaper to purchase.
4.
FLASHCARD QUESTION
Front
What does 'liability' mean in the context of car insurance?
Back
Responsibility for others' losses in an accident you caused.
5.
FLASHCARD QUESTION
Front
What is required to legally drive a car?
Back
Insurance.
6.
FLASHCARD QUESTION
Front
What is a down payment?
Back
An initial payment made when something is bought on credit.
7.
FLASHCARD QUESTION
Front
What is MSRP?
Back
Manufacturer's Suggested Retail Price, the price recommended by the manufacturer.
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