May 1, 2006 in Auto Loans

If you think you’ve mastered the material in this chapter, take our quiz. After you click the ”submit” button, the answers will appear below.

  1. The best way to finance a new car is to get a loan from:

    The dealer that offers the lowest interest rate
    The dealer that offers the best rebate
    A third-party lender, such as a financial institution
    Any of these
  2. True or false: Zero-percent financing is fantastic for every buyer.

    True
    False
  3. True or False: Used cars usually have lower interest rates and longer finance terms than new cars, making them cheaper overall.

    True
    False
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