Buying A Car

What is one of the advantages of buying a used car as mentioned in the article?

• It is more enticing than buying a new car.

• It can save you thousands upfront and over cycles of ownership.

• It is recommended by the National Automobile Dealers Association.

• It allows you to own more cars in a lifetime.

According to the article, how many cars does the average person own in a lifetime?

• 13 cars

• 30 cars

• 10 cars

• 20 cars

What is the average cost of a car according to the report by the National Automobile Dealers Association?

• $30,000

• $20,000

• $40,000

• $50,000

How much can you save during your lifetime by buying cars that are 3 years old instead of new, according to the image?

• $30,000

• $60,000

• $130,000

• $15,000

What is the financial term used in the image to describe the loss of a car's value over time?

• Inflation

• Depreciation

• Interest

• Deflation

According to the image, how much does a new $30,000 car lose in value after just one minute?

• $3,000

• $6,000

• $9,000

• $15,000

What is the depreciation cost of a used car after three years if it was bought for $15,000 and later sold for $10,000?

• $5,000

• $10,000

• $15,000

• $20,000

How much does the new car depreciate in value after three years if it was bought for $30,000 and sold for $15,000?

• $5,000

• $10,000

• $15,000

• $20,000

According to the text, what is no longer a common stigma about used cars?

• They are more expensive than new cars.

• They are just a way to buy someone else's problems.

• They require less maintenance.

• They have better insurance rates.

What is one of the updates on old knocks against used cars of recent vintage mentioned in the text?

• They need to be serviced more frequently.

• They are less reliable than new cars.

• They can deliver more than 100,000 miles before needing major repairs.

• They depreciate faster than new cars.