Buying a New Car Vocabulary & More

The APR-Annual Percentage Rate is the ______________ rate on a loan.

• Principal

• Interest

• Make

• Down Payment

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

When borrowing money from a bank, the ________________ is the amount of your monthly car payment that goes towards paying off your loan after interest has been deducted

• Principal

• Income

• MPG

• MSRP

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CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

The ________________ in a value of the car over time usually based on the wear and tear caused by driving the car is called depreciation.

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CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

The money you pay to the banker or car dealership upfront when getting a car loan is called ...

• the interest rate

• the depreciation

• the down payment

• the non-payment

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The brand or company that made the car 🚘 is called ...

• Model

• Moral

• Median

• Make

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

______ _______ ________ or MPG is the measure how far a car can travel using exactly one gallon of gas.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

__________________ refers to a specific vehicle name within a make, such as the Ford Mustang, Honda Accord, or Toyota Corolla.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

True Market Value has the following components

• price of the car

• includes fees & other charges

• depreciation value

• are not included in the advertised price

Tags

CCSS.RL.11-12.6

A ______________________ is the assurance that your car will be protected from any major issues with the car 🚘 in case something happens before the number of years you own the car or the number of miles you drive it.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

This is the starting point in negotiations at a car dealership. It is the amount that a car manufacturer advises dealers to charge.

• MPG

• Manufacturer's Suggested Retail Price

• Annual Percentage Rate

• Warranty

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5