Car Buying Basics

Henry is planning to buy a new car. What is the first step he should take when researching different car models?

• Decide on the color of the car

• Identify his needs and budget

• Choose the dealership

• Negotiate the price

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DOK Level 2: Skill/Concept

Grace is looking to buy a new car and wants to ensure she gets the best deal. Which of the following is a common method she might use to compare prices from different dealerships?

• Visiting each dealership in person

• Calling friends for advice

• Using online comparison tools

• Guessing the prices

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DOK Level 2: Skill/Concept

Rohan is considering financing a car and is comparing different loan offers. What does APR stand for in this context?

• Annual Percentage Rate

• Automatic Payment Requirement

• Annual Payment Rate

• Automatic Percentage Rate

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DOK Level 1: Recall

Match the following descriptions with their corresponding purposes when negotiating the price of a car.

• What might someone aim to do if they are not concerned about cost?

• To get the car at the lowest possible price

• What is the main goal for most buyers in a price negotiation?

• To pay more than the asking price

• What is negotiated to ensure future car service and costs?

• To extend the payment period

• What might be negotiated to manage payment over time?

• To agree on the terms of the warranty

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DOK Level 2: Skill/Concept

When Aria is reviewing her car purchase agreement, what should she specifically look for to understand the total cost she will pay?

• The color of the car

• The dealer's name

• The total amount financed

• The type of tires

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DOK Level 2: Skill/Concept

Why is it important for Ethan to register his new car?

• To ensure it is legally allowed on the road

• To make the car faster

• To increase the resale value

• To change the car's color

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DOK Level 1: Recall

Imagine Hannah just bought a new car. What is the primary purpose of getting car insurance for her vehicle?

• To decorate the car

• To provide financial protection in case of an accident

• To improve car performance

• To comply with paint regulations

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DOK Level 1: Recall

When comparing car models, (a)   is the least important feature.

• Fuel efficiency
• Engine power
• Paint glossiness
• Safety features

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DOK Level 2: Skill/Concept

Imagine Avery is planning to buy a new car. What is a benefit of Avery obtaining pre-approved financing before visiting a dealership?

• It limits the number of cars Avery can buy

• It allows Avery to negotiate as a cash buyer

• It requires more time at the dealership for Avery

• It increases the interest rates for Avery

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DOK Level 2: Skill/Concept

Benjamin is in the process of registering his newly purchased car. Which document is essential for him to have during this registration?

• Library card

• Vehicle title

• Grocery receipt

• Movie ticket

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DOK Level 1: Recall