222 - Car buying Quiz - Coopling.com.br

What does the car buying experience encompass?

• Only visiting dealerships

• Researching, negotiating, and finalizing the purchase

• Maintaining the vehicle after purchase

• Comparing prices of insurance plans

What is a key factor to consider when choosing a car loan?

• The color of the car being financed

• Loan duration, interest rates, and monthly payments

• Whether the car is new or used

• The dealer's sales strategies

What is one primary difference between owning and leasing a car?

• Owning allows for full customization, while leasing does not

• Leasing costs more overall than owning

• Owning has mileage restrictions, while leasing does not

• Leasing results in ownership after payments are completed

Which of the following is NOT an additional cost of car ownership?

• Fuel

• Maintenance

• Trade-in incentives

• Insurance

Why is regular maintenance important for car owners?

• It increases monthly payments

• It prevents costly repairs and prolongs the vehicle's lifespan

• It ensures lower taxes on the vehicle

• It reduces the need for insurance coverage

How can buyers navigate dealer sales strategies effectively?

• By accepting upsells like extended warranties

• By being aware of sales tactics and focusing on overall costs

• By negotiating solely on the trade-in value

• By relying only on the dealer's financing options

What is one piece of expert advice for car buyers?

• Focus only on the monthly payment amount

• Avoid getting pre-approved for financing

• Research prices, reviews, and car features thoroughly

• Purchase add-ons to secure a better deal

Why is it important to budget for additional costs of car ownership?

• To qualify for future car loans

• To avoid financial strain and ensure affordability

• To eliminate the need for maintenance

• To increase the car's resale value

What should buyers focus on during car price negotiations?

• The vehicle's total cost rather than monthly payments

• The trade-in value of their current car

• Dealer incentives like free car washes

• Add-ons like extended warranties

How can aligning car buying decisions with financial goals benefit you?

• It eliminates the need for financing

• It ensures a luxury purchase every time

• It helps achieve long-term financial stability and lifestyle needs

• It guarantees the best deal from the dealer