Auto Loan Finance

Section Quiz

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  1. What is the first step you should take to obtain a car loan?
  2. What is the maximum amount of net income that you should spend towards financing a car?
  3. In making a down-payment on a car, how much should you put down toward a purchase?
  4. In purchasing a used car, it is recommended that you do not finance more than how many months?
  5. To negotiate with dealers about prices, it is recommended that you obtain:
  6. Which of the following finance options is often the most expensive?
  7. Which of the following factors will most determine an auto loan interest rate?
  8. In reviewing a sales contract, you should monitor which of the following expenses:
  9. How much does a new car depreciate within the first year of purchase?
  10. Which of the following mistakes are common when purchasing a car?