Auto Loans
Authored by JK CoolKid
Other
9th Grade
CCSS covered
Used 253+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The maximum amount of time over which an individual agrees to repay an auto loan. Typically ranges from 36 to 84 months.
Loan
Loan terms
Down payment
Annual percentage rate (APR)
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The original amount of money that is borrowed. The amount decreases when you make a payment.
Annual percentage rate (APR)
Loan amount or principal
Down payment
Loan terms
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The expected decline in value over time of an item.
Lender
Loan amount or principal
Depreciation
Credit history
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A fixed amount of money, percentage of the selling price or item of value that is traded in to reduce the cost of purchasing a vehicle.
Credit history
Loan terms
Down payment
Annual percentage rate (APR)
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A formal and extensive record of how good an individual is at maintaining their credit and paying their current and past debts in a timely manner.
Credit score
Loan terms
Lender
Credit history
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Made by a bank or other lender to an individual so that person can purchase a new or used vehicle, using the vehicle as collateral for the loan.
Auto loan
Loan terms
Lender
Annual percentage rate (APR)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The fee charged for the use of money.
Auto loan
Loan terms
Down payment
Annual percentage rate (APR)
Tags
CCSS.7.RP.A.3
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