What is the first step in purchasing a new car?
Steps to Purchase a New Car (Edmunds)

Quiz
•
Other
•
12th Grade
•
Medium
Hilary Donahue
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Research vehicles and features
Get preapproved for a loan
Plan your trade-in
Locate and test-drive the car
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the recommended loan term for a car purchase according to Edmunds?
24 months or 2 years
36 months or 3 years
48 months or 4 years
60 months or 5 years
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the recommended loan term for a car purchase according to Mrs. Donahue?
24 months or 2 years
36 months or 3 years
48 months or 4 years
60 months or 5 years
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of getting preapproved for a loan?
To determine the interest rate at the dealership
To compare loan terms from different lenders
To negotiate a lower purchase price
To estimate the trade-in value of your current car
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you determine the trade-in value of your current car?
Use the Edmunds appraisal tool
Ask the dealership for an estimate
Check the Kelley Blue Book
Sell the car yourself and see how much you get
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the recommended approach when test-driving a car?
Just drive around the block
Check the controls.
Bring a child seat and test it
Buy the car the same day
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can you get the best price for a new car?
Call multiple dealerships and compare quotes
Buy directly from the automaker's website
Negotiate with the salesperson at the dealership
Pay the full asking price without negotiation
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