The Car Buying Process
Definitions
Financing Your Car
Consumer Protection For Car Buyers
The Price
100
Where can you find cars for sale?
What is in the library or online, print or newspapers
100

Lease

What is the long-term rental agreement of a new car. 

100

What is the best way to finance your car?

What is with cash

100
What is a warranty?
What is a written statement about a products qualities or performance that the seller assures are true.
100
What is another name for the sticker price?
What is manufacturer's suggested retail price (MSRP)
200
What are the two options of buying a car?
What is new or used
200

Kelley Blue Book Value

What is an online service that gives the vehicle's value range that can be expected through private and dealership transactions. 

200
What is a car lease similar to?
What is an apartment lease.
200

When buying insurance coverage, your monthly payment (premium) will vary based on what?

What is how much your deductible is. 

200

When negotiating for the price of a car, who holds the powers?

What is you, the buyer. 

300
How can you check insurance rates?
What is by calling your insurance agent.
300
Exist in many states and protect consumers from the consequences of buying a defective car
What is lemon laws
300
Why would you rather buy a car than lease one?
What is because there is extra costs for going over the mileage and if there is excessive wear and tear.
300

The factors that determine your insurance rates are what?

What is driving record, age and length of experience, where you live, vehicle use, type of car, the insurace you choose. 

300

What are two things you should have in mind BEFORE buying a car?

What is your budget, and goals. 

400

How much money does it cost to get a detailed history for one vehicle?

What is $10. 

400

Michigan No Fault Insurance

What is your insurance takes care of you in the event of an accident and goes after the other party's insurance.

400

What is the recommended down payment, in percent, that one should put for their car. 

What is about 10%. 

400

PLPD insurance is listed as a three number sequence. What is the order of these three numbers?

What is one person coverage/all involved coverage/property damage coverage

400

Where can you go to get a comprehensive report of a vehicle's history?

What is CarFax

500

What are two of the needs and wants in buying a car?

What is 1. What do I need to do with a car? 2. How much will I drive? 3. Do I plan to haul a number of people or gear? 4. Will I take the car off-road? 5. What features would I like to have?

500

Residual Value

What is paying more for your car in the long run than what the car was actually worth. 

500

What three companies offer vehicle loans?

What is banks/credit unions, dealership, and insurance companies.

500
What do lemon laws allow?
What is get a new car or get your money back.
500

At what price should you start negotiation?

What is $200 over the invoice. 

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