1.

You decide against purchasing a new car, and go for the used car instead. You find one for $6,000.00 and have a car loan with an APR of 4%. What is your payment if you are trying to pay the loan off in three years?

Group of answer choices

A. $117.74

B. $271.34

C. $177.14

D. $1,177.14

E. $171.44

2.

When making a vehicle purchase, never increase your offer by more than $100 at a time until you reach the most you are willing to pay for the car. Once you reach your maximum, what should you stop?

Group of answer choices

A. Thinking

B. Payments

C. Negotiating

D. Making offers

E. Talking

3.

As you start the car buying process, where is it recommend you begin in order to get an unbiased review of the vehicle you are interested in purchasing?

Group of answer choices

A. Consumer Reports

B. Time Magazine

C. The Dealership

D. Car and Driver

E. Auto Trader

4.

During this type of warranty coverage, the owner can take the vehicle to any authorized dealer service center and have repairs made without cost.

Group of answer choices

A. Replacement Plan

B. Lifetime Warranty

C. Limited Warranty

D. Service Upgrade Package

E. Manufacturer warranty