Chapter 10: Automobiles

An individual or company whose business is selling cars.

• depreciation

• automobile dealer

• straight-line method

• sticker price

A new car may have the _________, which means the price was set by the manufacturer.

• sticker price

• 
  trade-in allowance

• manufacturer's suggested retail price (MSRP)

• depreciation

Tags

CCSS.RI.11-12.5

CCSS.RI.11-12.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

A discount in price resulting from the trade-in of one car for another.

• trade-in allowance

• straight-line method

• 
  tax, title, and license (TT&L)

• automobile dealer

Once a car is purchased there are some common fees like sales tax, title transfer fee, license fee, and registration. Those fees are often called what?

• manufacturer's suggested retail price (MSRP)

• 
  straight-line method

• depreciation

• tax, title, and license (TT&L)

Cars lose value quickly, so a 5- or 6-year term might mean that the car loses value faster than the balance on the loan. When this occurs, the buyer is _______ on the value of the car because the buyer owes more than the car is worth.

• upside down

• down in the dumps

• sticker price

• not going to have a very good x-mas

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.8.5

CCSS.RI.7.5

CCSS.RI.6.5

Cars lose their value as they age. When an asset loses value, the loss in value is called __________.

• straight-line method

• automobile dealer

• trade-in allowance

• depreciation

The alternative to buying a car is

• purchasing

• leasing

• riding a horse to school

• finance charges

Tags

CCSS.RL.11-12.2

CCSS.RL.9-10.2

CCSS.RL.8.1

CCSS.RI.8.2

CCSS.RL.7.2

Cars require maintenance and repair. Common expenses include all EXCEPT

• changing oil

• 
  purchasing reindeer antlers to decorate the vehicle

• changing filters

• maintaining tires

Protects your vehicle and you in accidents that involve your vehicle.

• Automobile Insurance

• Uninsured Motorist Coverage

• Extended Warranties

• 
  Totaled

Covers damage and bodily injury in cases where a driver without insurance is at fault.

• 
  Automobile Insurance

• 
  Comprehensive Coverage

• Uninsured Motorist Coverage

• Manufacturer's Warranty