Chapter 9 Test Review

A 2024 Toyota Camry has a base price of $28,875.00

The options include luxury package for $1,250.00, technology package for $1,485, and the destination charge is $980.00. What is the sticker price?

• $32,590

• $28,875

• $2,735

• $980

You choose to lease a 2024 Chevy Corvette for 48 months. You put down an $3,000 deposit and pay $245 for title and $120 for license fees. If your monthly payment is $690.00, what is your total lease cost?

• $4,055

• $33,120

• $36,485

• $3,000

You work for Sanger Chevrolet and just received a V8 Palomino as a trade-in vehicle. It has a manual transmission, power mirrors, and a power sunroof. If the vehicle has 81,250 miles, how much did pay for the vehicle?

• $16,675

• $13,270

• $14,725

• $11,320

You are purchasing an auto policy at 100/300/100 and have a vehicle rated Age C with a group rating of 11. You also plan to purchase both collision and comprehensive. What is your monthly premium if your driver rating factor is 2.3?

• $704

• $1,619.20

• $134.93

• $58.67

A 2024 Mustang GT Dark Horse has base price of $58,950. The dealer ordered the vehicle with the active exhaust package for $2,405 and the drift bake for $950. The dealer pays 89.5% for the vehicle and 93.75% for the options. If the destination charge is $1,750 what is the dealer cost of the vehicle?

You purchased a 2018 Honda Civic 3 years ago for $21,450 and it is now worth $16,310. It has 68,244 miles on it. Your annual fixed costs are $1,298 and your annual variable costs are $785. What is the cost per mile?

• $1,713.33

• $0.03

• $22,748

• $21,450

The value a car dealership will pay for a vehicle if they purchase the vehicle from you or at an auto auction is know as _______________________

A long term rental for a "new" vehicle that requires monthly payments is known as a _____________

What are the 3 main coverages you should purchase when buying auto insurance?

• Liability Coverage

• Comprehensive Coverage

• Collision Coverage

• Collateral Coverage

True or False?

Dealer's cost is more than sticker price?

• True

• False