Purchasing a Used Car NGPF

Front

A disadvantage of buying a new car is it loses value faster than a used car. This is called

Back

Depreciation

Front

Which is NOT an expense of owning a car? Repairs & maintenance, Gasoline, License & registration fees, Utilities

Back

Utilities

Front

Financing a vehicle has advantages & disadvantages. Which is a disadvantage?

Back

You pay interest and fees on borrowed money

Front

What is the purpose of a Carfax?

Back

Supplies a vehicle history report to individuals.

Front

All of the following are advantages of leasing a vehicle EXCEPT: Your monthly payment is typically cheaper, You get a new vehicle more frequently, Standard maintenance is typically included

Back

Your auto insurance is typically cheaper

Front

In some cases, the used car you are buying may have a lien on it. A lien means

Back

The bank or lender is in possession of the title

Front

How much does a professional inspection of a used car cost?

Back

Approximately $100

Front

What is a mobile inspection?

Back

An inspector comes to your home & does an on-site inspection.

Front

When trying to haggle the price of a used car, who should name the first price?

Back

The salesman

Front

What does comparison shop mean?

Back

Compare the price & quality from different vendors.