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3. The planned buying process - Part 2 Aa Aa Let's Play ... Cash for Questions! Imagine that you are a contestant on a popular

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3. The planned buying process - Part 2 Aa Aa Let's Play ... Cash for Questions! Imagine that you are a contestant on a popular television quiz show, Cash for Questions. You are thrilled that the category is "Buying a Car" because you just learned about it in your personal finance class. There are five questions in this category, and the host, Steven Sawbucks, will give you the answer to each question in each of the following boxes. Remember, you must phrase your response in the form of a question and type in the correct entry. Good Luck! Disclaimer: You won't actually receive any money if you answer the questions correctly. Question 1: $100 This is the name given to the situation in which a car owner owes more on his or her car than the car is worth What is upside down 7 Question 2: $200 This loan, often used to purchase a vehicle at the end of a lease, requires low monthly payments and a large final payment. What is a 2 Question 3: $300 What is a ? This type of assurance, which a seller provides to a buyer, contains three stringent elements as required by law, and it guarantees that the product is suitable for sale and defines what actions will occur to rectify any problems that arise. Question 4: $400 Using this feature, sellers offer a refund for a portion of the purchase price of the product either as a direct payment (sometimes through a gift card) or as a credit against the purchase. What is a Question 5: $500 This type of service, often available online, helps lessees get out of their lease early by matching them with people who want to assume a short-term lease. What is lease swapping ? You are now in the final round of the game. The category for this round is "Oh, What Have I Done?" Enter your answer in the space provided. Final Question: $1,000 This myth, which has na legal standing, suggests that a buyer has the legal right to change his or her mind and return a vehicle- particularly if completed within three days of signing the purchase contract. What is

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