Buying a Car
what do car manufactures offer dealer incentives?
So that deakers make an effort to sell the manufactures cars
How are you supposed to know if a price of a house you wanna buy is gonna fit your price range?
You calculate your yearly income and monthly debt.
Billy wants to know exactly what his mortgage payments will be each month.So which type of mortgage would be his best option.
Escrow
Varaibale rate
Fixed rate
Fixed rate morgage would be billys best option.
Whitch is a monthly cost associated with renting a house?
utility bills
Jeff tends to change his car every year and always wants his car under warranty so what should he do?
He should lease a car for a certain period.
What is a car loan?
A way to borrow money from a bank or financial institution to pay for a car.
some landlords ask for a special deposite before renting out an apartment what may that special deposit be for?
It allows you to keep pets in the apartment.
What will help your biuld a good credit history?
Paying rent on time.
What is a security deposit?
A one-time, upfront payment protects landlords from not getting their payments on time.
Ella leases a car for 24 months. The car will cost her 7,000 if she decides to buy it at the end of the lease. What term describes the 7,000?
A- Interest
B- Residual Value
C- Lease amount
B- Residual Value
Joe made a down payment of $1,000 and he pays $450 every 36 months. Now what is the total amount he pays for that car?
$17,200
Julian bought a home for $300,000. Her largest up-front cost is 10%, or $30,000. What is this cost called?
Its called a downpayment
What is the difference between a fixed-rate mortgage and a variable-rate mortgage?
Variable-rate mortgage normally starts at a lower interest rate than fixed-rate mortgages.
What is one of the many things you are supposed to do when you rent?
You pay fewer upfront costs.
For who would a car loan be the better option for a car lease?
kate frequently changes her cars and constitly switches professions and detest selling and trading cars.
Brain likes the feeling of owning his own carand he takes good care of it and doesn't like changing cars often.
joe hates the idea of maintaining his car and he prefers to have a car that is always under warranty.
Brain likes the feeling of owning his own carand he takes good care of it and doesn't like changing cars often.
Johns monly payment is $500 and his loan is for 36 months.his downpayment was $500.What is the total cost of the car for john?
18,500
Alli wants to know the real value of a house that she is very interested in buying and doesn't know what to do so what should she do?
Get a real estate appraisal.
Bob is buying a home that is worth a total of $275,000 and his closing cost is 6%, and his down payment is 15%. How much is each fee?
(Hint-Number is between 15,000 and 43,000 for the closing costs)
(Hint- Number is between 40,00 and 43,000 for the down payment)
The closing cost will be $16,500, and his downpayment will be $41,250
Whitch is true when you rent?
You build a equity in your house.
you are responsible for any repairs.
you pay fewer up front costs.
you pay fewer up front costs.
When is a car lease better than a car loan?
When you want to keep a car for several years
when you want to own your own car
When you want to change cars often
When you change cars often.
What is the main motive behind dealer incentives?
Encouraging the maximum number of sales of the manufactures cars.
Which of the three is an advantage of buying a home?
You need to pay fewer upfront costs
you can invest in property
You don't need to buy insurance
You can invest in property.
What is a downpayment of 20% of a purchase price of %215,000
$43,000
how does a home inspection help buyers?
It lets buyers know of any maintenance issues before buying a home.
The monthly payment for a car lease is $300 for 24 months and the downpayment is 1,000 and the residual value is $9,000 what is the total cost if the car is purchased at the end of the lease?
17,200