A Chapter 06 Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Posted on Posted in General General Questions, General Questions

78. (p. 198) The
dealer’s cost is also known as the
A. Invoice price
B. Sticker price
C. Set-price
D. Capitalized cost
E. Residual value

79. (p. 198) A
no-haggling dealer will use a(n) _______
A. Invoice price
B. Sticker price
C. Set-price
D. Capitalized cost
E. Residual value

80. (p. 198) The
price of a leased vehicle is known as the
A. Invoice price
B. Sticker price
C. Set-price
D. Capitalized
cost
E. Residual value


81. (p. 198) The
expected value of a vehicle at the end of a lease is called the
A. Invoice price
B. Sticker price
C. Set-price
D. Capitalized cost
E. Residual value

82. (p. 198) Izzy
is thinking about leasing a sports car. She will make monthly payments based on
a money factor and the ____________
A. Invoice price
B. Sticker price
C. Set-price
D. Capitalized cost
E. Residual value


83. (p. 198) Helga
plans to purchase a pick-up truck. She should begin her price negotiation at
the
A. Invoice price
B. Sticker price
C. Set-price
D. Capitalized cost
E. Residual value


84. (p. 197) A
vehicle lease has several costs. Which of the following is the price of the
vehicle?
A. Capitalized cost
B. Money factor
C. Payment schedule
D. Residual value
E. All of the above

85. (p. 197) A
vehicle lease has several costs. Which of the following is the interest rate
used to calculate the monthly cost?
A. Capitalized cost
B. Money factor
C. Payment schedule
D. Residual value
E. All of the above


86. (p. 197) A
vehicle lease has several costs. Which of the following is the periodic
cost?
A. Capitalized cost
B. Money factor
C. Payment amount
D. Residual value
E. Trade-in value


87. (p. 197) A
vehicle lease has several costs. Which of the following is the expected value
at the end of the lease?
A. Capitalized cost
B. Money factor
C. Payment amount
D. Residual value
E. Trade-in value

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