Car Buying Quiz

Are you an automotive authority or a novice? Take this fun ten-question quiz to see how much you really know about the car buying process.

1. What is “mop and glow?”

1. The plastic wrap that is applied to new cars when they are transported by truck
2. A dealer term for add-ons, such as paint sealant, that add to the price and not really to the value of a car
3. The MSRP value of a new car
4. A dealer term for selling to a first time car buyer

2. How much does a new car usually depreciate the first year?

1. $100 to $800
2. $1,000 to $3,000
3. $3,000 to $5,000
4. $7,000 to $9,000

3. True or false: A car’s VIN number only appears on the dashboard

1. True
2. False

4. What does MSRP stand for?

1. Manufacturer’s Sale or Rental Price
2. Mazda Safety Record Program
3. Maintenance Standards Requirement Protocol
4. Manufacturer’s Suggested Retail Price

5. True or false: A brand new Toyota Camry costs about the same as a 2003 Mercedes-Benz C230?

1. True
2. False

6. The “Monroney Sticker” is:

1. A sticker used to seal the car doors during transportation
2. A sticker placed on the engine to ensure a car isn’t driven before it is sold
3. A sticker embedded with a tracking chip in case your car is stolen
4. A sticker placed on the window that shows the car’s prices and features

7. Where can you usually find the best rate on an auto loan?

1. With an online lender
2. With a dealership financing office
3. With a bank

8. What car was most frequently stolen in 2004?

1. 1995 Honda Civic
2. 2004 BMW Z3
3. 1988 Toyota pickup
4. 2003 Dodge Ram pickup

9. A CARFAX report will tell you:

1. If the car was in an accident
2. If the car was used as a taxi or rental
3. Select car service and repair records
4. All of the above

10. True or false: The auto loan interest rate for a used car is usually higher than for a new car.

1. True
2. False

Answers:
1) b, 2)c, 3)b, 4)d, 5)a, 6) d, 7)a, 8) a, 9)d, 10) a

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