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Quiz: How Car Rebates and Incentives Work
by Staff
Navigating through different car rebates and incentives can be tricky. How knowledgeable are you when it comes to car rebates and incentives? Take this quiz and find out!

True or False? Car dealers typically offer coupons in an effort to encourage people to purchase cars.

  • TRUE
  • FALSE

True or False? There are two main types of incentives offered to consumers when purchasing a car: cash rebates and low-interest financing.

  • TRUE
  • FALSE

Which of the following statements is true?

  • If a car maker is having a bad sales month or year (and if you want to save money), you may want to shop a competitor that's enjoying a bit of a sales increase -- chances are they're offering better discounts.
  • If a car maker is having a good sales month or year (and if you want to save money), you may want to shop a competitor that's in a bit of a sales slump -- chances are they're offering better discounts.
  • none of the above

True or False? One of the most popular types of incentives that car makers offer are new car rebates.

  • TRUE
  • FALSE

True or False? New car rebates are paid in cash as a one-lump sum to purchasers.

  • TRUE
  • FALSE

True or False? Rebates are more common with used cars than new cars.

  • TRUE
  • FALSE

Which of the following statements is true?

  • Used car rebates tend to be smaller than new car rebates.
  • Used car rebates tend to be larger than new car rebates.
  • Used car rebates are typically the same as new car rebates.

True or False? Sometimes the government offers a rebate for buying a car.

  • TRUE
  • FALSE

True or False? Currently, the government is not offering any automotive rebates.

  • TRUE
  • FALSE

True or False? Rebates are the only way to save money when buying a car.

  • TRUE
  • FALSE