What type of personal loan has a variable APR? Installment loan. O Line of credit. O Deposit advance. O Payday loan. What is final step in the process of purchasing an automobile? Locate the best bank and negotiate the rate. O Locate the best dealership and negotiate the price. Determine if leasing or financing the car is best. O Shop for the cheapest auto insurance. The primary reason you should purchase PAP coverage is to: pay for the liability you may cause to others if you are involved in an accident in which you are at fault. pay for damage to your vehicle, medical expenses for yourself, or damages and medical bills you cause for others. pay for your medical expenses if you are involved in an accident. pay for damage to your vehicle if you are involved in an accident. Which of the following is a characteristic of a personal automobile policy? Pays medical expenses and property damages to others harmed in the accident you caused. O Provides a financial safety net in case you are at fault in causing significant physical, bodily, or emotional harm to others. Provides a financial safety net in case an uninsured or underinsured driver causes you significant financial loss from a car accident All of these answer choices are correct. Charles was in an automobile accident. According to the police report, he was responsible for causing the wreck. The accident was large enough to close down the interstate for an hour. The three people in the other car were rushed to the hospital. The costs associated with the rescue and medical care were $15800 for each person. If Charles's PAP split limit coverage was 25/50/25, how much will Charles's insurance company pay if Charles caused $71400 in damage to the other driver's property? $25000 $71400 $0. $50000