|
|
LEARNING ABOUT CHOICES TUTORIALReview - OptionsRead the questions and select the right answer as a review of the information and tips we covered in this section. 1. Which of the following items can you negotiate with your dealership?
a. Annual Percentage Rate
b. Length of contract
c. Price of the vehicle
d. All of the above
2. Which of the following can be used to lower your monthly payment?
a. Getting a higher APR
b. Choosing the shortest
term available
c. Making a larger down payment
d. None of the above
3. Which of the following are additional items that can usually be added to the finance contract?
a. Optional Credit Life Insurance
b. Optional
Gap Protection
c. Optional Service Contract
d. All of the above
4. What is the purpose of purchasing optional disability insurance?
a. Covers the gap between the vehicle's value and what your insurance company provides in the event of total vehicle loss
b. Pays the balance of your contract in the event of your death
c. Makes your scheduled car payment in the event of sickness or disability
d. Protects owners against unexpected major vehicle repair expenses
5. What is the purpose of a service contract?
a. Adds additional time to the vehicle warranty
b. Protects owners against unexpected major covered vehicle repair expenses
c. Pays all of the vehicle repairs regardless of the circumstances
d. All of the above
6. It is a normal business practice for the dealer to retain some portion of the
finance charge as income for the dealership.
a. True
b. False
7. A rebate is always a better choice than a special finance rate.
a. True
b. False
8.
Gap protection is often included in your
lease agreement at no additional cost.
a. True
b. False
|
|
||||||||||||||||||||||||||||||||
|
|
||
 |
|||
| Jump to: | |||
| 1. | You've Got Choices | 5. | The "Finance or Lease" Exercise |
| 2. | Alternatives in Financing | 6. | The Benefits of Money Down |
| 3. | Low APR or Rebate - How to Choose | 7. | Optional Products for Financing or Leasing |
| 4. | Leasing Negotiation | 8. | Your Options: A Review |
| 9. | Resources to Assist You | ||
|
|
To view this site properly, you will need the latest Flash Plug-in.
Click here to download the Flash Player. See if you’re an instant winner of a Exxon® Mobil® Cash Card. Also enter for a chance to win one of two Grand Prizes: - 2009 Chevy Cobalt - 2009 Pontiac G6 New player? Register to play. 
Returning player? Login below. 
|
|