How to Buy a Car Quiz
by Staff
Buying a car is often perceived to be a difficult and confusing process. If you take the time to learn what you need to know before purchasing a vehicle, the entire process is relatively simple and straightforward. So, how much do you know about buying a car?

What is the most important thing to know about a used car before you make the purchase?

  • The history of the car
  • The color of the car
  • The size of the engine

Because high mileage can decrease the selling price of a used car, some unscrupulous people "roll back" the mileage. What is this illegal practice known as?

  • Odometer correction
  • Odometer updating
  • Odometer fraud

What is considered "reasonable mileage" for a used car?

  • 12,000 miles total
  • 12,000 miles per month
  • 12,000 miles per year

What does MSRP stand for?

  • Manufacturer Suggested Rate Plan
  • Manufacturer Suggested Retail Price
  • Manufacturer Suggested Ranking Place

What is one document that you should never sign when purchasing a used car?

  • A vehicle history report
  • A loan agreement
  • An "As Is" statement

There are two times of the year in which you will get the best price on a car. When is considered to be the best time?

  • The last two weeks of December and July to October
  • The first two weeks of the year and the end of May
  • The entire month of March and the first week of December

What is the sticker price of a vehicle?

  • The Manufacturer Suggested Retail Price
  • What the dealer would like you to pay
  • The price of the window sticker itself

What is a common term for a bad car?

  • A peach
  • A lemon
  • A lime

What does APR stand for?

  • Annual Percentage Rate
  • Average Principle Rate
  • Annual Primary Rate

What are two items that you should never give to the dealer?

  • Your license or social security number
  • Your home address or zip code
  • Your insurance information or license plate number