Car Loan and Vehicle Knowledge TEST

What is the term for the process of getting approval for a loan before purchasing a car?

• Preapproval

• Invoice price

• Car buying service

• Lemon laws

What does VIN stand for in the context of car loans?

• Vehicle Inspection Number

• Vehicle Identification Number

• Vehicle Insurance Number

• Vehicle Information Number

Which test is conducted to ensure a vehicle meets environmental standards?

• Sticker Price

• Vehicle Emission Test

• Car Registration

• FTC Rule

What is the term for the manufacturer's suggested retail price of a vehicle?

• Invoice Price

• Sticker Price

• Car Title

• Upholstery

What is the term for the price a dealer pays to the manufacturer for a vehicle?

• Sticker Price

• Invoice Price

• Car Detail

• Hybrid

What service helps consumers find and purchase a car?

• Car buying service

• Dealer add-ons

• Classic Cars

• Oxidize

What are additional features or options offered by a car dealer called?

• Lemon laws

• Dealer add-ons

• Car Registration

• Polishing Compound

What laws protect consumers from defective vehicles?

• FTC Rule

• Lemon laws

• Upholstery

• Car Title

What is the term for a car that has significant defects affecting its use, value, or safety?

• Hybrid

• Lemon

• Classic Cars

• Car Detail

What rule requires dealers to disclose certain information about used cars?

• FTC Rule

• Vehicle Emission Test

• Preapproval

• Oxidize