Choosing a Car
What is one factor to consider when choosing a car?
Budget, size, gas mileage, safety, etc.
BRAIN BREAK: There’s only one letter that doesn’t appear in any U.S. state name. What is it?
The letter Q!
What are three advantages of buying a new car?
Newer technology, warranty, no previous owners.
What is leasing a car?
Renting a car for a set period instead of buying it.
What are 4 things you need to bring when buying a car from a dealership?
ID, proof of insurance, down payment, loan approval.
What does MSRP stand for, and what does it mean?
Manufacturer's Suggested Retail Price; the price the carmaker recommends for the vehicle.
What does "depreciation" mean when talking about cars?
A car losing value over time.
What is a certified pre-owned (CPO) car?
A used car that has been inspected and comes with a warranty.
What is one benefit of leasing a car?
Lower monthly payments, driving a new car every few years.
How is buying from a private seller different from a dealership?
No warranties, lower prices, may need to handle the paperwork yourself.
Name one website or app you can use to research cars.
Kelley Blue Book, Edmunds, Carfax, etc.
Name three things that affect car insurance rates.
Age, driving record, type of car, where you live, etc.
Why is it important to check a vehicle history report when buying a used car?
It shows past accidents, repairs, and title status.
BRAIN BREAK: How many hearts does an octopus have?
Three! (Two pump blood to the gills, and one pumps it to the rest of the body.)
What is an auto loan?
A loan that helps you pay for a car over time.
BRIAN BREAK: What animal can hold its breath longer than a dolphin?
A sloth! (Sloths slow their heart rate and can hold their breath for up to 40 minutes!)
What are two costs of owning a car besides the price of the car itself?
Insurance, gas, maintenance, registration, etc.
Name one disadvantage of buying a new car.
Higher cost, higher insurance rates, faster depreciation.
What happens at the end of a car lease?
You return the car or have the option to buy it.
BRAIN BREAK: What animal forms close friendships and gets stressed when separated from its best friend?
Cows! (Studies show cows form strong bonds with other cows.)
What does APR stand for, and why is it important when financing a car?
Annual Percentage Rate; it affects how much interest you pay on a car loan.
Why do some people choose to buy an older used car instead of a new one?
Lower cost, lower insurance rates, less depreciation.
BRAIN BREAK: The more of me you remove, the bigger I get. What am I?
A hole.
What is one restriction that comes with leasing a car?
Mileage limits, wear and tear charges, no major customizations.
Why is it important to research a car’s value before buying?
To avoid overpaying and get the best deal.