Buying Automobile Word Scramble
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| Question | Answer |
| What is one way to pay for the car? | Pay in full |
| What is a second way to pay for the car? | Finance over time |
| What does APR stand for? | Annual Percentage Rate |
| How come financing includes paying more for the car then its' actual cost? | Interests, other loan costs, cost of credit, finance charge |
| List the factors to consider when financing a car | 1. How much you will put down 2. The montly paymnent or car note 3. The loan term 4. APR |
| True or False | Rates are usually higher and loan periods shorter on used cars then on new ones. |
| Name a type of car sales business | Franchise |
| Name a type of car sales business | Independent dealers |
| Name a type of car sales business | Rental car company |
| Name a type of car sales business | Leasing company |
| Name a type of car sales business | Car superstore |
| Name a type of car sales business | online car sales |
| True | Dealers are not required by law to give used car buyers a three day right to cancel. |
| Which organization requires dealers to post a Buyers Guide in every used car they offer for sale. | Federal Trade Commission |
| What is FTC the abbreviation for? | Federal Trade Commission |
| False | Anyone who sells fewer than six cars a year still has to post a Buyer's Guide |
| False | If the Buyers Guide says the car comes with a warranty and the sales contract says the car is sold "as is" the deal can choose to not give you the warranty. |
| As IS means.... | No Warranty |
Created by:
Cyoung77
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